Powell may 'give in' on rate cut at Jackson Hole conference in September

It is said that unlike last year, when Powell directly made a big move of a 50 basis point cut at this conference, this time a cut of 25 basis points is expected.

He pointed out that the current monetary policy is already quite close to the 'appropriate interest rate level that neither stimulates nor suppresses the economy,' so there is no need to raise interest rates quickly and significantly as in the past to bring monetary policy back to normal.

MainSky also expects at least one more rate cut in the fourth quarter of this year. Next, everyone should pay attention to Powell's statements at the Jackson Hole conference, as well as changes in inflation, employment, and other economic data, because they have a significant impact on the direction of monetary policy and market performance.

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