Powell will deliver a speech at the Jackson Hole meeting, and investment banks have differing expectations for interest rate cuts

According to BlockBeats, Federal Reserve Chairman Powell will speak at the Jackson Hole meeting at 10 PM on August 22, Eastern Eight Time. State Street expects Powell may pave the way for an interest rate cut in September.

UBS believes Powell may hint at a rate cut in September. Russell Investments states there is a possibility of a rate cut, but it will be by 25 basis points. Dutch International points out that the concerns of three Federal Reserve officials about the job market may indicate a shift in the official stance towards moderation.

Mitsubishi UFJ states that Powell may not clarify the timing of interest rate cuts to assess data before the September meeting. Bank of America is skeptical about rate cuts this year, believing Powell may be content with low employment growth.