Powell Likely to Take a More Cautious Stance at Jackson Hole, September Rate Cut Expectations Remain
According to ChainCatcher, citing Jintou News, ANZ economist Shwetha Sunilkumar stated that Powell is unlikely to be as explicit about the reasons for a rate cut at the Jackson Hole symposium as he was last year. She noted that Powell may hint at the possibility of further easing, but will not commit to a specific timeline, especially as inflation concerns have intensified following stronger-than-expected July data for the services sector and producer prices. The bank's baseline expectation remains that the Federal Reserve will cut rates at the September meeting.
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