Monday 21st August 2023

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Central bankers descend on Jackson Hole at the end of the week for their annual symposium. Phil asks NAB’s Tapas Strickland whether we actually have a clear idea of the tack Jerome Powell will take when he talks on Friday. In the past Fed governors have been a little less guarded at this event and there are mixed signals about how much further rates need to rise, if it all, and how long before they start to come down. Meanwhile, the week kicks off with question marks over how China addresses struggling debt and a slowing economy, whilst Japan was confronted with higher-than-expected inflation numbers at the end of last week. How will the Aussie dollar cope with this sea of uncertainty? And, by the way, The Morning Call is seven years old today.

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