Daily Alert – Friday 28th August 2020: Powell gets flexible on inflation: boosts equities, smacks the USD

Mark Nugent Aug 2020, Daily Alert

Daily Alert – Friday 28th August 2020: Powell gets flexible on inflation: boosts equities, smacks the USD Risk sentiment was positive on Monday and Tuesday, turning indecisive for the rest of the week. Fed Chair Powell announced “flexible average inflation targeting (AIT)” at the Jackson Hole virtual bun fight. After some volatility, the markets interpreted this correctly as being less …