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Weekly Market Compass: We also discuss a leadership change in Japan, US consumer sentiment, and COVID-19 cases
Last week brought some major headlines with a new inflation target policy from the Federal Reserve, news of a leadership change in Japan, a decline in US consumer sentiment, and spikes in COVID-19 cases. What are the implications of these events for investors?
1. Powell's Jackson Hole speech
Fed Chair Jay Powell announced a new inflation target policy that allows for inflation to rise "moderately" over its 2% target for "a