All Eyes On Fed Symposium
It’s that time of the year where the Federal Reserve hosts their annual Symposium at Jackson Hole. With the highly anticipated September policy meeting fast approaching, the symposium could be the perfect opportunity for the FED to prep markets on their next moves.
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The week ahead will be quiet on the data front, but the main event for the week will no doubt be the upcoming Jackson Hole Symposium from the Fed.
This event is eagerly watched by market participants as the Fed usually uses it as a platform to give guidance on future monetary policy, and after the FOMC meeting this week the market will be anxious to find out whether the Fed gives us any indication of their plans for September.
Currently the Fed is busy with their framework review, and in the minutes this week the bank noted that it will be important to announce changes to the framework review “in the near future". Thus, given the proximity of the symposium to the September meeting, there is reasonable scope to believe the Fed will use it to guide markets towards any possible changes in September.
Looking at recent data, as well as the lag in a new stimulus bill, as well as the recent rise in US10Y and US30Y yields, there is definitely need for the Fed to do more, and they might use the Symposium to guide markets towards their plans.
This week’s video will help you prepare for the upcoming events and provide insights into how you could possibly trade them as well.
Highlights of the video:
00:05 – Current Baseline
02:25 – Baseline expectations for the upcoming risk event
04:12 – Sentiment Shifts & Trade Plan
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