Focus Turns To US Inflation After Strong Employment Boosted Tapering Calls
Friday’s jobs report was very good indeed, and now the focus shifts back to inflation with this week’s upcoming data releases as investors continue to speculate about the timing of the Fed’s decision to taper its bond purchases. It looks like investors are starting to believe that we are getting very close to that time and Fed Chair Jay Powell may well provide the roadmap for tapering either at the Jackson Hole Symposium or at the FOMC’s September meeting. Several Fed officials including Vice Chairman Richard Clarida, Mary Daly and James Bullard have all recently indicated that an announcement...