Fischer upbeat on US inflation outlook at Jackson Hole
Fed vice-chair: there is ‘good reason’ to believe inflation will move higher
Federal Reserve vice-chair Stanley Fischer expressed optimism over the US inflation outlook at the Jackson Hole symposium last week, just over two weeks before the Fed's next interest rate showdown.
Market expectations of an interest rate hike on September 17 have weakened in the past two weeks on the back of stock market volatility originating in China and spreading across the globe, with one leading Fed official suggesting it complicated the decision.
While Fischer admitted the Fed was
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