Support our non-partisan non-profit newsroom 💜 Donate now

Fed hosts meeting of banking leaders

Nova Safo Aug 27, 2015
HTML EMBED:
COPY

Fed hosts meeting of banking leaders

Nova Safo Aug 27, 2015
HTML EMBED:
COPY

World banking leaders will gather in Jackson Hole, Wyoming starting Thursday night for an annual meeting hosted by the Federal Reserve.

Janet Yellen and some members of the Federal Open Market Committee, which sets monetary policy, will not be attending. Still, there will be enough “intellectual firepower” there, says Ian Shepherdson of Pantheon Marcoeconomics, to make the event an important one for Wall Street.

Investors will be listening for hints that could help them figure out whether the Fed is still likely to raise short-term interest rates in September, or whether it will wait until later in the year.

“I think the key is to look to see what happens in the next four employment reports,” says Patrick Newport at IHS Global Insights, who thinks any delay will be a short one.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.