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All Eyes on Yellen at Jackson Hole
- All Eyes on Yellen at Jackson Hole
Where events can change the market drastically some events are obviously so directly linked that all traders wait for the event, gripping their seats. Federal Reserve Chairwoman Janet Yellen has all eyes fixed on her as she prepares for her speech in Jackson Hole, Wyoming.
Stock Market closed stable on Friday but there has been much debate about whether or not she is going to give out any information on an increase in rates anytime in the future. It is quite imperative for the stock traders to score an increase in the rates yet the situation is going to keep the pressure built until 26th of August.
Yellen is in a unique position at the moment while the trading world desperately awaits her comments at the Kansas City Fed’s annual function. Where some are optimistic that Yellen will be signaling a raise in coming September however with a very low probability of 18% backs this believe.
Traders have been under great pressure and in turn the pressure shift on to Yellen in the current situation where market data on inflation and economy doesn’t support a raise in the rates. On the other hand, traders have been desperate to get a raise to the point that lobbying for the cause has also been heard of in the trading circles.
Market analysts, however, believe that given the poor performance of different sectors such utilities makes it imperative that the Federal reserve announces a raise. It is, however, going to be a very tough decision especially when other Central Banks are performing on negative rates. On the other hand, risk pushing the hike back until December means risking a lot more and cornering themselves right from the start.
Traders in the US now trust less on the Federal Reserve as the chance to change two raises during the year 2016 to one raise are getting higher. The unrest in the industry puts Yellen and her team under immense pressure where on one hand the trading industry is counting on her while on the other hand the greater good persist them to make a just decision.
The speech titled “Designing Resilient Monetary Policy Frameworks for the Future”, is aptly titled to help Yellen take some pressure off her back however the uncertainty that surrounds her decision can keep the market in a sway for next six days. Analysts are hoping that the Market PIMI reports for July and August, due next week, can help improve the situation.
- The Future of VR: Redefined Learning
In the present day, you can strap on a rectangular black headset and climb to the top of a snow capped mountain or traverse a sunken ship at the bottom of the ocean. This is the promise of virtual reality (VR) headsets such as the HTC Vive and Oculus Rift.
As impressive as virtual reality already is, many pundits still believe that the technology is still in its infancy. This may be due to the fact that previous VR-style efforts have flopped in the past e.g. Nintendo’s Virtual Boy. However, the latest crop of gadgets in this field are deemed more promising, thanks to their vastly improved head-tracking abilities, much improved graphics and more. Below, therefore, we take a look at 3 important things that you need to know about the future of VR as follows:
- VR is likely to get more physical
Anyone who has tried or seen the HTC Vive will know that some physical activity is involved. The Vive, together with its two controllers come equipped with sensors that allow players to wield an imaginary paintbrush or swing a virtual golf club. But what systems like the PlayStation VR or Hive currently lack is a sense of touch i.e. you may look like you are wielding a paintbrush but the device in your hand essentially feels like a video game controller. This will be one of the first areas where virtual reality will improve. (The Oculus Rift still does not support motion controllers, although the company plans to launch such devices later this year).
The next evolutionary phase of VR will be where people get to participate physically in the VR world and not just sitting back. For instance, if you are playing quarterback, you not only get to throw a football, but you can also interface with the team as well.
- Catering to other senses
Phil Carey of Cornerstone Media believes that incorporating more sophisticated touch controls will only be the start and that future VR devices could refine concepts that were first introduced in the early 1960s with the much vaunted Sensorama which incorporated elements like smells and winds. Granted, today’s headsets perform an excellent job of catering to the visual senses and a little bit of audio as well. But those are only two senses. Once you start catering to the rest of the senses- like what we feel temperature-wise, smell-wise, and body-wise, the reality factor of VR technology becomes much stronger as the virtual pieces begin to fade.
It is not exactly clear how-and if- the technologies described above will ever take shape. But it will definitely not be for the want of trying as there are numerous companies that are committed to taking VR technology to the next level. For instance, the startup Thalmic Labs makes armbands that are capable of controlling electronic devices through the use of gestures that also work with the Rift; while Leap Motion- a startup that launched motion-sensing cameras for computers in 2013- is now developing technology that can be used to interact with VR environments without using a controller.