The annual central bankers summit in Jackson Hole, Wyoming is this Thursday, with the most pressing concern for central banking chiefs being inexplicably low inflation despite a resurgent global economy, according to Bloomberg. U.S. inflation fell to 1.4% in June, while consumer prices in the euro area — currently at 1.3% — have wavered since the start of the year. Both the Fed and the ECB will shoot for 2% inflation, although the ECB formally aims below, but close to, that level.

The USD rebounded in global trading yesterday on the prospect that Yellen might hint at a faster rate of monetary tightening at the symposium, the Financial Times reports

Tags: