Jackson Hole and Mark Carney

FTSE: Unfortunately, it looks as if the Jackson Hole meeting of central bankers in Wyoming this weekend will be an exercise in denial, according to The Guardian. Monday crash and the worst month for the FTSE 100 since 2012 will be considered bumps on the road that can be massaged away with some positive talk and extra dollops of cheap borrowing. At some point, investors from Shanghai to New York, via London, will need to recognise that China is no longer a powerhouse for global growth. The Bank of England governor, Mark Carney, is intent on raising interest rates next year. Related:How China economic slowdown could weigh on the rest of the world At the moment, the spotlight is on the Federal Reserve, which is the first in the queue to start raising rates. His talk at Jackson Hole is expected to be a study in calm with an emphasis on the positives messages from the UK economy, which is growing robustly, in the words of most City economists. (news.financializer.com). As reported in the news.