Chart Of The Day: Gold On Hold, Waiting For Jackson Hole To Unfold
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📚 Daily Digest | Thursday, Aug 26, 2021 | |  | | Wall Street Opens Mixed After GDP, George Comments; Dow up 50 Pts | |  | © Reuters. | U.S. stock markets opened mixed on Thursday, after a fresh reminder of the pressure on the Federal Reserve to end a quantitative easing policy that some feel is doing more harm than good.
Esther George, president of the Kansas City Federal Reserve, told CNBC that the Fed should start tapering its bond purchases - currently running at $120 billion a month - "sooner rather than later", given the progress that the economy has made in recovering from the pandemic. | | |  | | | | | Don't Miss Out On Tomorrow's Webinar | | | | | | | | | |
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