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Last weekend, central bankers met at the Jackson Hole Symposium - Western Macro

The Fed left the door open for a September rate hike, as they ‘have good reason to believe that inflation will move higher.’ At the same time, the recent volatility in global markets could be an important factor for the timing of the first rate hike. This week’s ISM release and labor market report on Friday will offer further insight into the strength of the economic recovery. The ECB Council will meet on Thursday and could react to recent developments with a more aggressive wording. The risks of a weaker economy and lower commodity prices have decreased inflation expectations and, if necessary, the ECB could react with a further accommodative monetary policy. But, in our view, it will be too early to announce concrete measures this week.


General information

AuthorErste Group Research
Date2015/09/01
Languageen
Product nameVideo
Topic in focusFX, Macro/ Fixed income
Economy in focusEurozone, United States
Currency in focus-
Sector in focusBanks




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