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Fed Chair Jerome Powell delivered his speech at the Jackson Hole economic symposium this morning.

Retail sales were softer than expected in July, down 1.1% month-over-month. On a year-over-year basis, retail sales were up 15.8% in July.

While the US economic reopening theme continues, the path toward a full reopening of the economy and return to normalcy has been more uneven than many economists and CEOs were forecasting just a few months ago.