Top FX event for the week ahead: Jackson Hole symposium
The annual meet up of the world’s most prominent central bankers and finance ministers who this year will be discussing the thorny topic of ‘challenges for monetary policy’.
This year’s Jackson Hole symposium, a three-day event sponsored by the Federal Reserve Bank of Kansas City, will see a host of central bankers and finance ministers giving their views on one of the most important challenges facing financial markets today – monetary policy.
How will central banks deal with low inflation and flatlining growth?
At a time when global growth is flatlining and inflation stubbornly low, market traders will want clarity on how, and when, central banks around the globe intend to tackle these problems. This event, one of the most important meetings of the year, will likely throw up market moving commentary - both official and unofficial - from some of the world’s most important financial participants and needs to be closely followed by active traders.
Back in the 2007 the symposium’s theme was ‘housing, housing finance and monetary policy’, seen at the time as a staid topic but one that proved timely as the US housing market collapsed just before the meeting started.
This year’s meeting comes at a time when central banks around the world are either cutting interest rates, discussing cutting rates, and/or are in the process of restarting bond buying programs (quantitative easing) in order to reboot their economies. Trillions of US dollars (equivalent) of bonds have been bought up over the last decade in order to provide liquidity and boost growth, but financial markets are currently flashing recession warning signs, highlighting that loose monetary policy hasn’t worked in the past.
Will we see history repeat itself with the world’s most important central bankers and finance ministers being forced to address crashing financial markets and crumbling economies to a global audience?
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets