Reported about 2 months ago
The Jackson Hole Economic Symposium is set to begin, where Federal Reserve Chair Jerome Powell's speech on August 23 is expected to provide insights into potential interest rate cuts. Economists anticipate a hint towards a 25-basis-point rate cut in September, although Powell might remain vague about future cuts. Analysts warn that if Powell's speech does not indicate any easing, market volatility might increase, leading investors to take a more conservative approach.
Source: YAHOO