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The Weekly Fix: Ripping Up Rates Rule Book; Twisting in India

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the virtual Jackson Hole economic symposium.

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the virtual Jackson Hole economic symposium.

Photographer: Daniel Acker/Bloomberg

Welcome to the Weekly Fix, the newsletter that suspects markets might be pinning a few too many hopes on the September Fed meeting.  –Emily Barrett, FX/Rates reporter.

In years to come, one of the most memorable features of this year's Jackson Hole conference will be the fact it was virtual. The meeting opened Thursday, but with none of the cinematic backdrop that sometimes upstaged earlier iterations. The venue -- Jackson Lake Lodge in the Grand Teton National Park -- was closed due to the pandemic.