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at the agencies
Wednesday, Aug 22
FEDERAL RESERVE
FOMC (Federal Open Market Committee) releases minutes from its July meeting, at which officials left rates unchanged and signalled it was on course for a further increase in short-term interest rates as soon as September. Investors will study the minutes for tweaks to its assessment of the economy and inflation or trade talk.
Thursday, Aug 23 -
Saturday, Aug 25
FEDERAL RESERVE BANK OF KANSAS CITY
The Kansas City Fed hosts its annual
Economic Policy Symposium -
"Changing Market Structure and Implications for Monetary Policy" - at the
Jackson Lake Lodge in Grand Teton National Park in Jackson Hole, Wyoming.
On Friday, Jay Powell will make his first address as Fed chair. The symposium attracts intense attention from activist groups as well as the media and financial markets. The debate this year will center on the increasing market power of massive corporations, as well as the impact of increased online activity.
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on the hill
House in recess; back in Sept.
Tuesday, Aug 21
SENATE BANKING, HOUSING, AND URBAN AFFAIRS
Hearing
on the effectiveness of Russia sanctions.
Planned witnesses include Treasury Undersecretary for Terrorism and Financial Crimes Sigal Mandelker.
Thursday, Aug 24
SENATE BANKING, HOUSING, AND URBAN AFFAIRS
Vote
on CFPB (Consumer Financial Protection Bureau), SEC (Securities and Exchange Commission), and Ex-Im Bank (Export-Import Bank) nominees.
Votes to include whether to advance Trump nominations of Kathleen Kraninger to be CFPB director, Kimberly Reed to be president of Ex-Im Bank, and Elad Roismanto to be SEC member.
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across the globe
Thursday, Aug 23 -
Friday, Aug 24
SALTA, Argentina
G20 digital economy ministerial meeting.
Friday, Aug 24 -
Saturday, Aug 25
CAPE TOWN, South Africa
Annual meeting of the BRICS business council.
Sunday, Aug 26 -
Sunday, Sep 2
SINGAPORE
50th annual ASEAN (Association of Southeast Asian Nations) economic ministers meeting.
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other events
Monday, Aug 20
Hurricane season in Atlantic starts; usually
peaks around Sept. 10. Storms typically form between the Caribbean and Cape Verde off the northwest coast of Africa.
Last year the U.S. was hit by three Category 4 storms that virtually destroyed Puerto Rico's electric grid, flooded Texas with record rains and ripped through Florida, sending water pouring into Miami streets.
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transparency. inclusiveness. consensus.
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The Association of Institutional INVESTORS is a member-led organization of institutional investment advisors that represents the interests of investors and strives to advance good practices and promote fair and efficient financial markets through open engagement with policy makers and others.
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Association of Institutional INVESTORS
One Financial Center, 5th Floor
Boston MA 02111-2660
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