Luke Bartholomew | Source | Senior Economist at abrdn
Luke Bartholomew
Senior Economist at abrdn
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Luke is a Senior Economist in asset management. Some of his expertise are in macroeconomic forecasting, scenario analysis, public policy, and investment strategy, with particular emphasis on the interaction between monetary policy and financial markets.
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European markets close slightly higher ahead of Jackson Hole
European markets closed slightly higher on Thursday as global investors awaited the start of the U.S. Federal Reserve's Jackson Hole economic symposium.
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Powell is likely to stress that policy still has a long way to go before the Fed will feel comfortable it has decisively turned the corner on restoring price stability. This is important because the market has behaved recently as if the Fed has pivoted away from its hawkish stance.
