WTI Crude oil futures ended the previous week 1.4% lower and closed at $90.77 per bbl, amid increasing concerns of a global economic slowdown. Recession fears continue to exert pressure on energy markets, with Fed minutes signalling a strong commitment to bringing down inflation to the 2% target range. On top of that, concerning industrial production figures and further Covid lockdowns in China added to the outlook of a decline in energy demand.
Jackson Hole
The Rate Hikes Keep Coming – Neal Bhai Reports
Gold Silver Reports (GSR) – Jackson Hole came and went with little reason to believe the Federal Reserve will do anything other than raise interest rates in September and again in December of this year.
Jackson Hole Day 2 Final Speech – Neal Bhai Reports
The Fed, led by Chairman Powell, will very likely resist any effort by the White House to pressure it into halting rate hikes. However, it is hard not to sympathize with the argument that higher interest rates are causing the USD to become very strong, with the major possibility of becoming even stronger, which will make the US economy less competitive in global markets and unable to reduce its trade deficit.
Jackson Hole Full Agenda is Out Now – Gold Silver Reports
The Federal Reserve Kansas City annual economic symposium schedule is up now
Some notable absences:
✅ European Central Bank President Draghi will not be there (none of the ECB’s executive board members will)
✅ Bank of Japan Governor Kuroda will not be there
What to Expect From Federal Reserve chair’s Jackson Hole Speech – Gold Silver Reports
Gold silver Reports (GSR) – The annual gathering of central bank leaders at the Jackson Hole symposium in Wyoming on Friday will firmly place Federal Reserve chair Jay Powell in the spotlight for investors. While he faces the unusual problem of a president voicing criticism of interest rate policy, Mr Powell has a strong US economy and relatively becalmed markets in his favour
Red Alert : Global Economic Data – Jackson Hole Speech – Gold Silver Reports
The Economic Policy Symposium, held in Jackson Hole, Wyoming, is attended by central bankers, finance ministers, academics, and financial market participants from around the world. The meetings are closed to the press but officials usually talk with reporters throughout the day. Comments and speeches from central bankers and other influential …
More on what’s Coming up From Fed Chair Powell at Jackson Hole – Gold Silver Reports
I posted earlier on confirmation from the Federal Reserve that Jerome Powell will be speaking at Jackson Hole
Gold Kiss One-Week High After Central Bankers’ Reports
Gold Silver Reports — Gold Kiss One-Week High After Central Bankers’ Reports – Gold rose to its highest in more than a week on Monday as the dollar weakened and the euro powered ahead after the head of the European Central Bank refrained from talking down the single currency at a high-profile meeting of central bankers.
Global gold prices ease ahead of Jackson Hole central bankers meet
Gold Silver Reports — Gold nudged lower on Thursday, giving up some of its gains made after U.S. President Donald Trump’s threat of a government shutdown, with investors remaining focused on a major central bankers conference in Jackson Hole.