On Friday all econloving eyes will be focused on Jackson Hole Wyoming. But the anticipation and gossip is just.
The Chairman of the Federal Reserve Ben Bernanke is due to speak in Jackson Hole Wyoming later today and according to some of the investment notes that I receive he is expected to commit that central bank to a third.
Federal Reserve Chairman Ben Bernanke is slated to speak from Jackson Hole Wyoming on Friday in what is usually supposed to be a benign affair but as was the case at the time of last year39s gettogether in the Cowboy.
One picks up this kind of chatter on Wall Street where there exists a residual hope that somehow Big Ben will use this weekend39s Jackson Hole gathering to ring the bell for a form of QE3.
On Jobs Jobless Claims amp Jackson HoleThe market today will absorb the retirement of Apple39s CEO higher jobless claims and a look forward to the Fed Chair39s speech. Think of it as Oscar night for macroeconomists.
Two stimulusdriven stories are shaping up events on Wall Street on the eve of Bernanke39s Jackson Hole address.
Several investors expect Bernanke to announce some measures to further prop up a flagging US economy but given the possible political opposition for further spendingrelated stimulus from Republicans he might not have.
In Jackson Hole the talk was about the economy what Fed Chairman Ben Bernanke will signal in his highly anticipated speech on Friday and what Warren Buffet might get out of his purchase of a stake in Bank of America. Don39t expect Bernanke to offer more support for the economy is the warning from former Soros advisor.
Growthlinked currencies such as the Australian New Zealand and Canadian dollars could see fresh selling if Federal Reserve Chairman Ben Bernanke disappoints investors banking on more monetary stimulus to support the. Except with sensible shoes rather than plunging necklines.
There are a number of policy moves the Fed could make but in this political environment hesitation is more likely.
RT Neil_Irwin: Full Bernanke Jackson Hole speech: