Intensifying recession fears, volatile financial markets and moves toward negative rates by other central banks have triggered speculation over whether the Fed may have to reverse course on its tightening policy.
CNBC's Steve Liesman who is one of the very few journalists allowed to attend the symposium (Jackson Hole) is of the view that Fed is likely to hike rates in December than September.
Geoff Lewis feels for Fed to withdraw stimulus, payroll and other economic data from the US has to be strong. He expects US economic data to be weaker in second half of this year.