Fed Rate Cut Expectations May Cool Due to Jackson Hole Symposium

According to a report by Jinse Finance, Russell Investments’ Global Chief Investment Strategist, Atelman, noted that the outcome of the upcoming Jackson Hole meeting may differ from market expectations. Atelman stated that Federal Reserve Chair Powell’s speech may not be as dovish as the market anticipates, and mentioned that a rate cut in September is “possible,” with the expected cut being 25 basis points rather than 50 basis points. (Jin10)