THE PANIC HIKING IS OVER

Why the 'tourist thinks Jackson Hole will be a nothing-burger

A quick post to review tomorrow’s Federal Reserve Jackson Hole event.

It’s usually foolish to put down on paper outright predictions, but I was never one to follow good advice, so here it goes.

Jay Powell will say almost nothing of substance tomorrow. I know that flies in the face of the common narrative that he will be hawkish to push back on the recent …