World Week Ahead Jackson Hole beckons at end of US data week

Sun, 26 Aug 2012

Aug. 27 (BusinessDesk) - The strength of US economic data out this week will shape views on what Federal Reserve chairman Ben Bernanke say at Jackson Hole, Wyoming, on Aug. 31. Since the minutes of the last Federal Open Market Committee meeting showed many members would support further monetary stimulus, the Jackson Hole retreat has loomed large as the next opportunity for Bernanke to say exactly what they were thinking and when it may happen. But based on economist estimates, the Fed won’t get much further ammunition to embark of QE3 this w...

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