CoinVoice Latest News, according to Jin10, ANZ economist Shwetha Sunilkumar stated that Powell may not explicitly mention the reasons for interest rate cuts at the Jackson Hole symposium as he did last year. She pointed out that Powell may hint at the possibility of further easing policies but will not commit to a specific timeline, especially after the stronger-than-expected service and producer price data in July, which heightened inflation concerns. The bank's benchmark expectations still believe that the La Reserva Federal (FED) will cut interest rates at the September meeting.
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CoinVoice Latest News, according to Jin10, ANZ economist Shwetha Sunilkumar stated that Powell may not explicitly mention the reasons for interest rate cuts at the Jackson Hole symposium as he did last year. She pointed out that Powell may hint at the possibility of further easing policies but will not commit to a specific timeline, especially after the stronger-than-expected service and producer price data in July, which heightened inflation concerns. The bank's benchmark expectations still believe that the La Reserva Federal (FED) will cut interest rates at the September meeting.