CoinVoice latest news, according to Jin10, ANZ economist Shwetha Sunilkumar stated that Powell may not be as explicit about the reasons for interest rate cuts at the Jackson Hole seminar as he was last year. She pointed out that Powell might hint at the possibility of further easing policies but would not commit to a specific timeline, especially after the strong service and producer price data in July raised inflation concerns. The bank's reference expectation still believes that the Federal Reserve 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 be as explicit about the reasons for interest rate cuts at the Jackson Hole seminar as he was last year. She pointed out that Powell might hint at the possibility of further easing policies but would not commit to a specific timeline, especially after the strong service and producer price data in July raised inflation concerns. The bank's reference expectation still believes that the Federal Reserve will cut interest rates at the September meeting.