The Fed Out West: If the economics profession had a religious holiday associated with it, the annual meeting of the Federal Reserve at Jackson Hole, Wyoming would be it.
This is an exclusive invitation only gathering an invite-only gathering of economists and global central bankers where “paradigm-shaping research is presented and momentous policy shifts are announced.” This event is watched closely on Wall Street, especially this year when the Fed is once again coping with fighting inflation and making interest rate calls that might tip the economy into a recession in an election year.
ITR Economics’ Taylor St. Germain offers an executive summary of all the doing at Jackson Hole in his latest FedWatch.
Forgive us our debts….Consumers are 2/3 of the economy so any metric portending problems with how they spend, and borrow, is of interest to economists as a leading indicator. Economist Brian Wesbury offers a one page tutorial on what business people should know about the current composition of consumer debt and delinquency thereof.
