Reported about 2 months ago
In his speech at the Jackson Hole Economic Symposium, Federal Reserve Chair Jerome Powell emphasized the central bank's commitment to data dependency in guiding monetary policy and potential interest rate cuts. Analysts from Homrich Berg and Interactive Brokers discussed Powell's remarks, suggesting that while the market anticipates a possible 50-basis-point cut due to adverse economic signals, the Fed's cautious approach indicates it will react prudently to upcoming data trends.
Source: YAHOO