Economic calendar: Powell’s speech at Jackson Hole 📌

7:40 AM 22 August 2025

Today – and likely for the entire week – the most important event will be Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium in Wyoming.

Markets expect Powell to emphasize a data-dependent approach, avoiding explicit signals regarding the September decision. After hawkish Fed remarks and stronger PMI data, investors have lowered the probability of a 25 bp September cut to 73.3%. On the other hand, Goldman Sachs expects Powell to sound dovish, paving the way for three rate cuts starting in September.

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In addition, we will also hear comments from Collins and Hammack.

Detailed calendar of the day:

01:30 PM BST, Canada - Retail Sales Data for June:

Retail Sales: previous -1.1% MoM;
Retail Sales: forecast 1.3% MoM; previous -1.1% MoM;

01:30 PM BST, Canada - Manufacturing Sales for July:

previous 0.3% MoM;

01:30 PM BST, Canada - Retail Sales Data for June:

Core Retail Sales: forecast 0.9% MoM; previous -0.2% MoM;

03:00 PM BST, United States - Fed Chair Powell Speaks

05:00 PM BST, United States - U.S. President Trump Speaks

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Market News

22.08.2025

09:06

Chart of the day - USDJPY (22.08.2025)

The Japanese yen is among the weaker currencies today despite the release of slightly higher core inflation. The USDJPY rises 0.20%. In July, core inflation...

07:02

BREAKING: GDP from Germany lower than expected 🔴

07:00 AM BST, Germany - GDP data: German GDP (Q2): actual -0.3% QoQ; forecast -0.1% QoQ; previous 0.3% QoQ; German GDP (Q2): actual...

06:41

Morning Wrap (22.08.2025)

Asia-Pacific equities are trading slightly higher today, with the exception of Japan’s JP225 (-0.25%) and Australia’s AU200.cash (-0.35%)....

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