In the run-up to today’s speech by Jerome Powell in Jackson Hole, the almost parallel price developments between the current year 2022 and the crash year 2008 are striking! Does it have to be similar this time to 2008? Of course not. But such patterns are interesting – and maybe it depends on today’s Jackson Hole speech by Powell (4 p.m. German time; we report with a live feed on finanzmarktwelt.de) whether the analogy to the crash of 2008 has already been shelved in a timely manner can be. The Fed chair is in a tough spot: he must restore the Federal Reserve’s credibility in fighting inflation — while stock markets bet the Fed is regarding to flip once more on interest rates.
Notes from video:
1. Jackson Hole: Fed-Chef Jerome Powell in „Mission Impossible“
2. Consumer climate at a record low – saving for the additional energy payment
