What the Federal Reserve doesn't want to tell the world

Last Friday's monetary policy speech in Jackson Hole put an end to the summer and, in the usual line of monetary alchemists, Jerome Powell gave one lime and one sand and made concentric circles of oratory to leave the market in a stalemate. Now it is time to wait until September 20 to know the next Fed rate decision, which is likely not to be a hike, and to wait for the US…