Powell will deliver an important speech tonight, and once he hints at an interest rate cut, the market will explode!
Federal Reserve Chairman Powell will speak at the Jackson Hole annual meeting at 10 PM Singapore time tonight, focusing on the economic outlook and the assessment of the policy framework.
The market expects the Federal Reserve to announce a 25 basis point interest rate cut at next month's meeting.
Meanwhile, President Trump continues to pressure for a rate cut and is considering candidates to replace Powell, whose term ends in May next year🔚
