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Showing posts with the label |Markets Wavers.

News | Business | Equity Markets | Markets Wavers: Markets waver as traders look to Jackson Hole meeting

Naomi Rovnick and Hudson Lockett  4-5 minutes - Source: FT Equity markets weakened on Thursday after a previous day of strong gains, as investors took bets off the table ahead of a key meeting of central bankers. Leading central bankers hold their annual gathering — usually held at the Rocky Mountain resort of Jackson Hole but online this year — over the next two days. After presiding over huge stimulus packages to soothe the economic damage wrought by the coronavirus pandemic, they have a dwindling arsenal of monetary tools to use, although investors expect Federal Reserve chairman Jay Powell to signal that US policy, which sets the tone for much of the rest of the world, should remain supportive to holders of financial assets. He is due to speak at 9.10am New York time (2.10pm London). “While we expect the Fed to shy away from more radical easing measures, such as explicit controls on government bond yields, we believe Powell will probably outline other d