Jackson Hole (the global central bank annual meeting) has historically been associated with local peaks in high market volatility, as Wall Street rapidly reassesses policy prospects after the Fed Chair’s speech.
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Jackson Hole: 10 AM ET – Warsh's Words Could Move Markets.
PCE at 3.7% beat expectations unexpectedly, pushing the probability of no rate hike in September from 35% to 66%. Since Walsh took office, forward guidance has been scrapped and the dot plot abolished...