A flock of Fed speak at Jackson Hole largely reinforced expectations that the FOMC

Economic Research	29 August 2016
UNITED STATES
Economic Highlights
Reading between the Lines… A flock of Fed speak at Jackson Hole largely reinforced expectations that the FOMC is on track to raise rates further this year and that the future pace of rate increases is likely to be gradual, essentially reiterating a familiar, though still an amorphous, policy theme. The limelight, at least initially, was on Chair Yellen’s opening speech, entitled “The Federal Reserve’s Monetary Policy Toolkit: Past, Present, and Future”, but the topic per se was deemed too broad to address near-term policy expectations, probably at most to maintain the optionality to firm policy further. Economist:  Thomas Lam  | +65 6533 0389
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