Gilding the inflation lily: Powell’s Jackson Hole speech, Statesman’s guide to world’s economic future, and more
THE WEEKEND REVIEW – OMFIF
Latest opinion and analysis from OMFIF around the world
31 August-3 September 2021, Vol.12 Ed.35
Most-Read Commentary
Gilding the inflation lily: Powell’s Jackson Hole speech: Justified or not, markets are known for obsessing about the next piece of information to provide trading direction. This year’s focus on Federal Reserve Chair Jay Powell’s Jackson Hole speech was no different. Meanwhile, even if there are sound reasons to see current price hikes as unlikely to persist, Powell delivered a decidedly dovish speech that gilded the transitory inflation lily, writes Mark Sobel.
Commentary Statesman’s guide to world’s economic future: China, central banks and climate change are just three of the thorny dilemmas expounded by Gordon Brown in an ambitious new book pleading for governments to ramp up global co-operation. Seven ways to change the world is a prodigiously wide-ranging work, writes David Marsh. Read more.
Podcast In focus: Developments in digital payments: David Creer, global distributed ledger technology and crypto lead at the GFT Group, and Peter Clifford, director of CBDCs and payments at Digital Asset, join Philip Middleton, chair of the DMI, to discuss payments, transaction infrastructure, decentralised networks and privacy issues. Listen.
Video Emerging market capital flows after Covid-19: With much uncertainty remaining and inflation well above the Federal Reserve’s target rate, speculation of Fed tapering and market tantrums are gaining momentum. OMFIF convene a panel to look at capital flows in emerging markets, the likelihood of capital flows reverting and asset and currency markets in the developing world. Watch.
Commentary ECB drawn into German fray as PEPP extension looms: Signs are multiplying that the ECB will extend its €1.85tn emergency asset purchases in moves likely to intensify controversy over ECB policies in Germany’s 26 September general election. Germany’s conservative parties are starting an 11th hour offensive to focus on economic policies, writes David Marsh. Read more.
