Jackson Hole bankers pivot to cuts as soft landing comes into view
Global rate-setters have left the Wyoming symposium cautiously optimistic, but acutely aware of the risks of either cutting rates too soon or leaving it too late.
Against the dramatic backdrop of the Teton mountain range, something many had considered all but impossible appeared to be in sight for the top central bankers who had travelled to Wyoming for the Jackson Hole symposium.
After experiencing the worst inflation shock in four decades, those in attendance at the Kansas City Federal Reserve’s annual conference at the weekend were hopeful they were close to beating the odds and achieving a soft landing for the global economy.
