The biggest banking event in the world is on its way.
While news and various statistics about the economies of America and Europe are entangled with strange developments and historical ups and downs in the Japanese banking system, shaking up weeks in the global stock and finance markets, the major gathering of bankers from around the world in Wyoming will attract all attention.
This event, titled ‘Assessing the New Effectiveness of Financial Policies’, will be held in three days. The annual meeting of central bank governors and senior economic officials from around the world has been hosted in Jackson Hole, Wyoming for decades.
The importance of this event goes beyond being able to ignore the speeches and points presented by the most influential economic figures in the world.
The speeches in this event always contain detailed and specific points and special news, surpassing formal ideas and statements. The speech by the head of the European Central Bank and the Chair of the Federal Reserve in the previous year’s session was so crucial that it became part of the performance pattern and understanding of future economic plans for investors.
This year, the speech by the Federal Reserve Chairman, scheduled for Friday, will hold its breaths, especially large and mid-level investors, awaiting Jerome Powell’s green light to lower interest rates. With the upcoming US elections and recent economic news indicating reduced concerns about a recession in the country, this speech could be very consequential.
Persian
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