Analysis: Powell Expected to Avoid Sending Clear Signal on September Rate Cut in Friday’s Jackson Hole Speech
According to a report by Jinse Finance, Walter Bloomberg has revealed that Powell is unlikely to commit to a rate cut. Federal Reserve Chair Jerome Powell is expected to keep all options open in his speech at Jackson Hole on Friday, avoiding any clear signal regarding a rate cut in September. While the market generally anticipates an easing policy from the Fed, Powell may emphasize that the path to easing remains uncertain. Research firm LHMeyer noted that he may lower expectations to prevent the market from fully pricing in a rate cut before the Fed enters its blackout period.
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