BlockBeats News, August 18, the Jackson Hole Symposium is the focus of this week. ANZ economist Shwetha Sunilkumar stated that last year, Federal Reserve Chairman Powell was straightforward about the reasons for an impending rate cut at the meeting, but this year Powell may not be so frank.
Sunilkumar added that Powell may indicate a greater likelihood of implementing further easing this year, but will not commit to a specific timeline, especially after the stronger-than-expected July services and producer price data released last week heightened inflation concerns. She also noted that some regional Fed officials have become more cautious about the timeline for future easing. The bank's baseline expectation still believes that the Fed will cut rates at the September meeting. (Jin Shi)