“The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.” Jerome…| Convex Strategies
Every August the world’s top central bankers meet in Jackson Hole, Wyoming, a ski resort in central US for a ‘symposium’ organized by the Kansas City Federal Reserve. The bankers take this opportu…| Michael Roberts Blog