{"id":1837,"date":"2021-08-27T10:37:35","date_gmt":"2021-08-27T13:37:35","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1837"},"modified":"2021-08-27T10:37:37","modified_gmt":"2021-08-27T13:37:37","slug":"jackson-hole-begins-the-fallout-from-the-delta-grows-and-the-situation-in-afghanistan-worsens","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/08\/27\/jackson-hole-begins-the-fallout-from-the-delta-grows-and-the-situation-in-afghanistan-worsens\/","title":{"rendered":"Jackson Hole begins, the fallout from the delta grows and the situation in Afghanistan worsens."},"content":{"rendered":"\n

Finally<\/strong><\/p>\n\n\n\n

All summer, the market’s mantra has been to wait for Jackson Hole\u201d when thinkingabout when the Federal Reserve will cut back on asset purchases.\u00a0Well, today is the day theFed Chairman Jerome Powell delivers his speech in which he is expected to provide astrong guidance that the bank will begin to reduce asset purchases before the end of theyear.\u00a0There is still a lot of uncertainty about the extent to which he can commit to themoment, as the delta variant clouds the economy, although the expansion of onlya month ago apparently was advancing noisily.<\/p>\n\n\n\n

Delta<\/strong><\/p>\n\n\n\n

These economic clouds are clear from the latest data onhospitalizations in some US states, with the number of people currentlyadmitted for treatment in Texas reaching 13,928 on Tuesday – close to a recordhistoric.\u00a0A growing number of states are reintroducing mask mandates, alreadythat the CDC reported 5,665 deaths from the disease in the week ending Tuesday.\u00a0OSupreme Court, in a split decision, lifted the Biden government’s moratorium onevictions.\u00a0A study showed that people who have already taken Covid-19 are moreprotected from new infections than those who received two doses of thePfizer Inc<\/p>\n\n\n\n

Deadline<\/strong><\/p>\n\n\n\n

Yesterday’s deadly attacks at Kabul airport will not hamper the effort toUS evacuation, said President Joe Biden, while promisingpursue those responsible for the attacks.\u00a0Despite warnings of more violence, largecrowds are again outside the airport trying to leave the country.\u00a0most countrieshas ended or is about to end efforts to evacuate people amidst thesecurity situation that rapidly worsens.\u00a0House Minority Leader KevinMcCarthy, asked Congress to re-address the situation, while in Afghanistan theTaliban leadership is holding meetings to prevent the country from returning to the civil war thatbroke out in the 1990s.<\/p>\n\n\n\n

Markets waiting<\/strong><\/p>\n\n\n\n

Global stock indicators are quiet as investors are in the hands ofToday’s Powell.\u00a0Overnight, the MSCI Asia Pacific index remained virtuallyunchanged, while Japan’s Topix index closed 0.3% below.\u00a0In Europe, the IndexStoxx 600 was stable at 6:50 am EDT.\u00a0The S&P 500 futures pointedfor an upside move at the open, the 10-year Treasury yield was at1.337%, oil rose and gold gained<\/p>\n\n\n\n

Arriving<\/strong><\/p>\n\n\n\n

US personal income and spending data for July is at 9:30 am.\u00a0OPCE deflator for the month is expected to rise to 4.1% when the number is released at 9:30 am.\u00a0Youwholesale and retail stocks and the advanced trade balance of goods are also at9:30 am\u00a0Powell’s speech is at 11:00.\u00a0The latest opinion data from the UniversityMichigan is at 11 am and Baker Hughes deck count is at 2 pm.\u00a0YouToday’s earnings include Big Lots Inc<\/p>\n\n\n\n

Source:https:\/\/wintrademarkets.com\/<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Finally All summer, the market’s mantra has been to wait for Jackson Hole\u201d when thinkingabout when the Federal Reserve will cut back on asset purchases.\u00a0Well, today is the day theFed Chairman Jerome Powell delivers his speech in which he is expected to provide astrong guidance that the bank will begin to reduce asset purchases before […]<\/p>\n","protected":false},"author":2,"featured_media":1040,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1837","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hft"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1837"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1837\/revisions"}],"predecessor-version":[{"id":1838,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1837\/revisions\/1838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1040"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}