海外研报

Four in a rowJackson Hole Preview August 2024

On Friday, August 23, Fed Chair Powell is scheduled to talk about the economic outlook at the Jackson Hole symposium. Less than four weeks before the next FOMC meeting, on September 17-

FED CUTS ≠ WEAKER DOLLAR

The dollar has weakened significantly over the past few months and is edging towards the lows seen in January, when rates markets bet big on a Fed pivot. The commencement of global

MINUTES REVEAL LOST CONFIDENCE, BENCHMARK PAYROLL REVISION UNDERSCORES THE POINT

The FOMC is a lot less sure about whether policy is in the right spot than it was six weeks ago. Then, we read howmonetary policy was “well positioned” to handle whatever came next. No such phrasing in July, just handwringing

Weekly Options Watch What’s priced in for Jackson Hole?

Ahead of the Aug 22-24 Jackson Hole symposium, option prices on US bankstocks and most ETFs are low relative to history, while investors are expecting