There are risks for markets and Yellen at Jackson Hole

August 25, 2016 11:04 PM

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There are risks for markets and Yellen at Jackson Hole

Stocks Thursday were lower, with the S&P 500 down 2 points to 2,172. The dollar was lower against a basket of currencies, and Treasury yields rose across the curve, most prominently at the lower end. The two-year was at 0.78 percent, and it is the most reflective of Fed rate hike expectations.

"The markets are catching their breath. It's been one heck of a post-Brexit few months. With Yellen talking and the jobs report coming up, there's a bit of a correction in the market place, but nothing extraordinary," said Krishna Memani, CIO at OppenheimerFunds.

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

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