Markets Brace for Swings After High-Rates Mantra of Jackson Hole

(Bloomberg) — Traders are girding for a volatile start to the week after US and European policymakers signaled interest rates will likely stay higher for longer during their annual confab at Jackson Hole.

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Japan’s yen will be in focus when currency markets reopen at 5 a.m. in Sydney. The currency fell to its weakest this year versus the dollar as Federal Reserve Chair Jerome Powell indicated that the US could hike interest rates again, boosting yields on short-dated…