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👋Good morning. Every Friday has a rhythm, but this one has a headline act. Somewhere in the Wyoming mountains, away from trading floors and Bloomberg terminals, the world's central bankers are gathering for day 2 of their annual pilgrimage to Jackson Hole — and this morning, all eyes turn to the new Fed chair's very first keynote there. It sounds almost quaint: a man at a podium, talking about interest rates, while the rest of us get on with our Friday. But that's the trick of it. A single sentence from that stage can move currencies, reprice borrowing costs, and quietly rewrite the numbers on business plans from Manchester to Manhattan. Big tech spent the week throwing money at itself. Today, one voice from the mountains gets to say what it was all worth. Here's everything else that happened first.
