Janet Yellen, the head of the US Fed, is set to speak in Jackson Hole, Wyoming on Friday.
She is expected to talk about the “monetary policy toolkit”.
As always, the market will be listening attentively. Although the odds of a September rate hike have increased, it is still not likely. However, we wouldn’t be surprised to hear that a rate hike is still possible this year. Given the US Presidential election, December would seem to be the most likely month for the Fed to raise rates.