Fronted by Jerome Powell, the great and good of the central banking world gather at Jackson Hole, Wyoming, from Thursday to Saturday. The big question for the Federal Reserve Chair: When is taper time?
The Fed is expected to outline taper plans in September but markets are hoping for signals from Powell at the annual research conference on the trajectory of the $120 billion-a-month asset purchase programme.
Easy-money policies have buttressed equities, and any inklings about Fed plans to dial back could cause ructions, with July minutes having just provided a taste of that.
Policymakers looked far from united in their views. But the prospect of stimulus being reduced when the spread of the Delta coronavirus variant and supply chain issues loom over a recovery that has started to look tired has spooked markets.