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FTSE steps back ahead of Jackson Hole

by LLB Editor
26th Aug 21 9:33 am

It’s the one they’ve all been waiting for. The Super Bowl of high finance – the Jackson Hole symposium – kicks off tomorrow and there’s no question who the star man is, says AJ Bell financial analyst Danni Hewson.

“The spotlight will be on the chair of the US Federal Reserve Jerome Powell and whether he says anything on the tapering of financial support for the economy.

“The incentive for keeping things low key is that the Delta variant has made the global economic recovery more fragile and it may be the digital-only event turns into something of a non-event.

“The FTSE 100 was portraying some signs of nerves ahead of the event as it dipped modestly in early trading on Thursday.”

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