Markets await next steps from Fed policy review
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Over the weekend the European second wave continued to gain pace with France, Italy and Spain all seeing a pick up in news cases. Investors will be watching to see if this is the prelude to the reintroduction of restrictions or any localised lockdowns.
The main event this week is likely to be the Jackson Hole economic symposium on Thursday and Friday. The keynote speech will be from Fed Chair Jerome Powell and he is expected to unveil the key findings and next steps from the Fed policy review. This could mean a movement away from a fixed inflation target by the world’s largest central bank.
In terms of speeches, Donald Trump will be giving his main speech on Thursday at the Republican National Convention however CNN have reported that Trump will appear on every night of the convention which could generate volatility.
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