Will there be signals for interest rate cuts? Powell may give the 'green light' for a September rate cut at Jackson Hole.
Market attention is focused on the upcoming Jackson Hole symposium, and a prediction from MainSky Asset Management adds significant weight to this financial feast — Federal Reserve Chairman Powell may release key signals during this period, opening the door for a rate cut in September.
According to the agency's analysis, if a rate cut occurs, the expected magnitude will be 25 basis points. More notably, MainSky further anticipates that there will be at least one more rate cut action in the fourth quarter of this year. This series of expectations will undoubtedly stir the nerves of the global financial markets, and investors are holding their breath, waiting for Powell's statement at Jackson Hole to seek a clear direction for a shift in monetary policy.