All Ears on Jackson Hole

Early news from the annual two-day central bankers symposium in Jackson Hole, Wyoming suggested that Fed officials may not be quite as anxious to cut rates as the market is indicating. Kansas City Fed President Esther George, in a taped message, said she was not ready to provide additional accommodation without seeing a weakening outlook, while Philadelphia Fed President Patrick Harker said he believes the Fed should be “on hold” to see how things play out.

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