Yet neither the Jackson Hole symposium nor the payrolls data have brought real clarity, with a hike still very much a coin-toss heading into Friday’s CPI print. The Fed’s announcement will be just one of a slew of critical central bank decisions this month, all landing against the backdrop of an increasingly nervous bond market, where sovereign yields keep hitting multi-decade highs and investors’ patience for policymakers who miss their inflation targets year after year is wearing thin.
07
Sep