Jackson Hole Highlights World Still Not Business As Usual

2128 GMT [Dow Jones] The USD will likely find some support in Asia after Yellen's "much-awaited speech at Jackson hole turned out to be the fizzer many analysts had predicted, with her tone on the labor market little different to that at her July Semi-Annual Testimony on Monetary Policy to Congress and the more recent FOMC minutes," says ANZ Bank. It says the main interest was the distinct split between the Fed's Yellen and the Bank of England's Broadbent "who sounded in no hurry to take any tightening action." Also, the ECB's Draghi and the Bank of Japan's Kuroda, "who sounded ready to leap out of the starting blocks and provide more stimulus to their economies as deflation threats intensify," say ANZ Bank. Overall, "it certainly does highlight the world is not yet a 'business as usual' kind of place." (rebecca.howard@wsj.com; @FarroHoward)

(END) Dow Jones Newswires
August 24, 2014 17:28 ET (21:28 GMT)