Jackson Hole in focus
• US trends. US equities power ahead, while bond yields & the USD lost ground. AUD up at a multi-week high despite the slump in iron ore.• Fed speech. Fed Chair Powell speaks later this week. Will he push back on the still aggressive near-term rate cut expectations?• Event radar. In addition to the Jackson Hole speech the global PMIs (Thurs), Japan CPI (Fri) & NZ retail sales (Fri) are also due. It was a rather subdued end to a busy week on Friday with limited new economic information released to challenge the status quo. Equities continued to move higher...