ChainCatcher news, according to Jin Shi reports, investment banks have significantly different expectations for interest rate cuts at the upcoming Jackson Hole meeting. State Street Global Advisors expects Powell may pave the way for a rate cut in September, while ANZ believes he may hint at the restoration of rate normalization. UBS believes Powell may lean towards a rate cut in September, while Russell Investments points out that the cut could be 25 basis points. Dutch International mentions that concerns among Federal Reserve officials regarding the job market may lead to a more moderate stance. Bank of America is skeptical about the rate cut, believing Powell will have the opportunity to make a statement at the meeting.