Saxo Market Call

Powell waxes maximum dovish at Jackson Hole, but how long will it matter?

August 30, 2021

Today's slide deck:  - 

Today we look at Fed Chair Powell's Jackson Hole speech, at which he waxed about as dovish as was humanly possible in laying out the Fed's case that inflation will prove transitory. We challenge that notion and question whether the market reaction on the back of the speech will stick beyond the nearest term when we look at how Q4 may shape up for the US treasury market. A look at earnings this week, Hurricane Ida concerns, highlights of the busy economic calendar for the week ahead and more are also on today's pod, which features Peter Garnry on equities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

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