Federal Reserve and Jackson Hole

Jackson Hole: The move, which is likely to be seen as a brazen attempt to inject pension cash into the market to shore up prices and restore investor confidence, comes ahead of several reports that are likely to show the world major economies struggling to recover as China main industries slowdown, according to The Guardian. A febrile atmosphere in currency and stock markets is also expected to persist as traders look ahead to gathering this weekend of central bankers in Jackson Hole, Kansas, where the focus will be on the Federal Reserve meeting next month to consider raising US interest rates for the first time since 2006. After a week of turbulence that sent world stock markets spiralling to their worst weekly loss for the year, Xinhua, the official news agency, reported on Sunday that under the new rules, the fund will be allowed to invest up to 30% of its net assets in domestically listed shares. Related:China syndrome: how the slowdown could spread to the Brics and beyond Stock markets dived last week as the prospect of a rate rise combined with figures showing the Chinese economy growing at a slower pace than previously forecast unnerved investors. Britain top 100 companies saw £46bn wiped off their value on Friday, sending the FTSE 100 index down 10% since the beginning of the year. Fears that the Greek rescue deal would unravel following the resignation of prime minister Alexis Tsipras also weighed on investor sentiment. (news.financializer.com). As reported in the news.