Fed Chair Powell to discuss inflation progress at Jackson Hole Symposium, hinting at potential September rate cut.
Fed Chair Jerome Powell is expected to address inflation progress at the Jackson Hole Symposium, suggesting that inflation is moving towards the Fed's 2% target. This could pave the way for a potential rate cut at the September FOMC meeting, as Powell may shift focus towards maximizing employment. However, Powell is unlikely to provide specific information on the size of the rate cut during his speech.
August 19, 2024
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