An inflexible Jerome Powell in the face of inflation expected in Jackson Hole

It is one of the most anticipated events of the year in the financial world. Every end of August, central bankers from all over the world meet in the Jackson Hole station in the United States. This symposium in the Rockies being often the occasion of important announcements, traders fasten their belts the previous days in expectation of a potential turning point in monetary policy, recalls Craig Erlam, analyst for the broker Oanda, in a note published on Monday.