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ALERT NEWS: 🔥Market Watch: Powell May Announce a 25 Basis Point Cut in Interest Rates in September
The annual economic symposium in Jackson Hole, Wyoming, taking place this Friday, promises to be the most anticipated event of the week for the markets. The chair of the FED, Jerome Powell, will deliver a decisive speech while investors try to decipher the next steps of the American central bank, especially regarding the anticipated interest rate cuts for September.
Analysts from Evercore ISI highlight that Powell is expected to signal a 25 basis point cut in the interest rate at the next meeting, emphasizing that any future easing will depend on economic data. This scenario is reinforced by a set of conflicting indicators: job growth in the U.S. fell short of expectations, while retail sales surprised positively and producer prices rose more than anticipated.
Analysts from Evercore ISI highlight that Powell is expected to signal a 25 basis point cut in the interest rate at the next meeting, emphasizing that any future easing will depend on economic data. This scenario is reinforced by a set of conflicting indicators: job growth in the U.S. fell short of expectations, while retail sales surprised positively and producer prices rose more than anticipated.
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