Top event of this week: Why should you care about the Fed's Jackson Hole meeting

One big thing to watch in the markets this week is the upcoming Jackson Hole Economic Symposium from August 25-27. A speech by Federal Reserve Chairman Jerome Powell on Aug. 26 (10 a.m. Washington time) will be of particular interest to market participants.

Jackson Hole Economic Symposium is an annual economic summit hosted by the Federal Reserve Bank of Kansas City at the end of August each year in Jackson Hole, Wyoming.

For discussing critical economic issues, central bankers, finance ministers, academics, and financial market participants are invited from all around the world. The 2022 event will focus on the theme "Reassessing Constraints on the Economy and Policy".

It provides investors an opportunity to read about where policy may go in the future. Now all ears are on Powell's Friday speech, especially the words about high inflation and Fed rate hikes, although Fed chairman's Jackson Hole speeches have not been big market movers in recent years on average.

The head of Asia foreign-exchange strategy at RBC Capital Markets in Singapore, Alvin T. Tan, believed that the room for a hawkish surprise is now rather limited. He also thinks that Powell's relatively dovish speech may spur a resumption in the equity market rally.

According to a JP Morgan Chase & Co.’s report, 50% clients said the Fed is unlikely to deliver any surprise at the meeting, while 43% anticipated hawkishness, and 7% expected dovishness.

Actually, no matter what Powell says in the speech, inflation is still one of the critical topics in our life and markets.

In a volatile market against the backdrop of rising interest rates, it's a common practice for investors to choose low-risk investments to reduce costs evenly and diversify their portfolios.

1. costs split and fluctuations irons out,

2. disciplined investment to avoid buying or selling herd,

3. long-term investment with compound interest,

4. automatic implementation, and time-saving.

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