German PMI, Ifo business, and consumer confidence could point to a slower growth. UK PMI should show further signs of slowdown. US PCE index should be market moving but not as important as Fed Chair Powell’s Jackson Hole speech on Friday.
08/26 FRIDAY | 14:00 GMT | USD Fed Chair Powell Speech at Jackson Hole
The Fed’s Jackson Hole Economic Policy Symposium will run from Thursday through Saturday, and if recent commentary from Fed policymakers is a guidepost, then traders should be expecting hawkish tones in unison. Certainly, markets seem to think that a Fed pivot is coming, given the market pricing is for only a handful of 25-bps rate hike equivalents the rest of 2022 before rate cuts materialize in 2023.
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