While market volatility has been higher, judging by the most recent trading volumes on the NYSE, the stock market is still in the grip of the traditional summer lull that typically ends after the Labor Day weekend. It also represents a good opportunity in this Economics Weekly to present a mini recap of the current narratives with respect to growth and inflation and what message Chair Powell will likely be aiming to deliver at the Jackson Hole Symposium later today.
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Richard de Chazal, CFA, is a London-based macroeconomist covering the U.S. economy and financial markets.