Tim Leary, BlueBay Senior Portfolio Manager, provides a summary of recent economic events. At the Jackson Hole Economic Symposium, Fed Chairman Powell made it clear the decision on future rate changes will be data-dependent. The focus remains on containing inflation towards the long-term goal of 2%. In the meantime, political rhetoric surrounding monetary and fiscal policies is heating up, while tighter monetary conditions are conflicting with US fiscal spending. And credit markets continue to offer attractive yields, reflecting the health of corporate balance sheets.