Fed Chair Warsh&#x27;s Jackson Hole speech comes into view, as do political risks in Europe and a range of Asian central banks. We discuss the Fed Chair&#x27;s upcoming speech at Jackson Hole, the likely Fed path and US-Canada trade. In Europe, political developments are on the agenda ahead of a plethora of elections in the next year. In Asia, we preview rate decisions in Korea, Thailand and the Philippines. Chapters: US: 02:23, Europe: 9:42, Asia: 18:50

The Week Ahead - Hole-ding Out for a Hero

Nomura – The Week Ahead

In terms of being willing to do what I would call a treasury twist here in terms of the bond market, what do I know that the market doesn't know? So, I think the market's probably gotten a little ahead of itself. A lot of people, not much to do in August.

Welcome to The Week Ahead on Nomura Podcasts. I'm Dominic Bunning, Head of GTN FX Strategy in Nomura in London. And today is Friday, the 21st of August. Well, it's been a slightly calmer week in financial markets as we appear to be hitting peak summer season, as suggested by US Treasury Secretary Scott Besant in his interview with CNBC that we just heard a clip from. Hopefully, a number of our listeners are enjoying this week's update from a sun lounger somewhere.

But for the rest of us, it's still been all go in markets. And if anything, Scott Besant himself created the biggest reaction with an announcement of longer-dated Treasury buybacks, attempting to limit some of the upward pressure on US yields that's been seen in recent weeks. However, there are a number of questions in the market about the efficacy of these measures. And from an FX perspective where I sit, there's certainly some signs that the dollar may be taking some of the pressure here as it's weakened to its lowest level since May on a range of measures.

But looking ahead, the Fed's going to come back into focus with Fed Chair Walsh's speech at the Jackson Hole Symposium due on Friday. We'll be speaking to Rishi Sharma about this and also about the Fed's previous tendencies around elections as the US midterm start to come into focus.

The Week Ahead - Hole-ding Out for a Hero

Read the full transcript

The candid version is on a podcast,
not the earnings call.

The Week Ahead - Hole-ding Out for a Hero

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.