Rolling coverage of economics, business and markets ahead of a key speech from the Federal Reserve chair in Jackson HoleBREAKING: China unveils tariffs on US goods worth $75bnRBS and Santander rapped over PPI failuresInvestors in Kevin McCloud’s projects told they face huge losses Hasbro buys Peppa Pig owner Entertainment One in £3.3bn deal Hong Kong businesses fear protests will push economy into recession 2.53pm BST Hello, Kalyeena here, taking over to cover Mr Powell’s Jackson Hole speech expected in less than 10 minutes’ time. Meanwhile, we have the full story detailing China’s retaliatory tariffs on $75bn worth of US goods. Related: China puts $75bn of retaliatory tariffs on US goods 2.36pm BST Jerome Powell is shortly about to start speaking in the US – he starts at 8am Jackson Hole time, 3pm BST. Here’s a quick guide on what to look out for.At issue are market expectations that the Federal Reserve is planning to cut rates multiple times in the next two years in response to slower growth. Continue reading…
Via: Markets edgy as investors await Jerome Powell's keynote speech – business live
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