All Eyes On Bernanke As Fed Chief Hits Jackson Hole |
| Forbes - Aug 25, 2011 |
When Ben Bernanke steps to the microphone in Jackson Hole, Wyo. Friday morning, it is a safe bet that he will describe a U.S. economy that has lost steam and is unlikely to match the forecasts for second-half strength that many analysts and economists touted earlier this year. But those who expect the Federal Reserve chairman to launch another round of asset purchases are likely to be disappointed.
Stocks were reeling Thursday, after starting the day around the flat-line, in a market that MF Global’s fixed-income and equity analyst Nick Kalivas called odd. “It feels like people are position-squaring ahead of Bernanke.”
The Fed, Kalivas says, “has gone out of their way to manage expectations and generally people don’t expect [Bernanke] to say anything that translates to a policy change at the next Fed meeting.”
Read Full Article from Forbes
- Posted: 2011-08-25 14:19:09
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