BlockBeats News, August 20, MainSky Asset Management Company stated that Federal Reserve Chairman Powell is expected to open the door for a rate cut in September at the upcoming Jackson Hole seminar. MainSky's board chairman Eckhard Schulte mentioned that, unlike last year's meeting when Powell prepared the market for a substantial 50 basis point cut, this time the reduction is expected to be only 25 basis points.
He pointed out: "Unlike last year, current monetary policy is closer to 'neutral interest rates', so there is no need for rapid and significant interest rate hikes for normalization." MainSky expects at least one more rate cut in the fourth quarter of this year. (Jin Shi)