El pulso del mercado hoy

Fed Chair Walsh gives his first Jackson Hole keynote on Aug 28. Core PCE remains above the 2% target and initial jobless claims fell to 203K, while Schmid and Hammack have stressed inflation risks, deepening rate-hike divisions. Markets are watching for a policy framework that explains how inflation, jobs and financial conditions trigger changes, and clarifies the Fed-Treasury boundary on long yields. A less explicit framework could amplify swings in the dollar, Treasury yields, gold and BTC.