23 August 2016 at 1:54 GMT
Markets are only half listening to the Federal Reserve, and that leaves room for a bigger reaction if Fed Chair Janet Yellen sounds as hawkish as the comments of some other Fed officials suggest she might. Patti Domm writes with little to sway the markets this week amid very light trading, markets are fixated on Yellen's Friday speech in Jackson Hole, Wyoming. The annual Fed symposium is sometimes used by Fed officials to make important policy statements. However, this year's topic is seen as a discussion for the longer term and is called "Designing Resilient Monetary Policy Frameworks for the Future."
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