Reported about 2 months ago
As the Federal Reserve prepares for its annual Jackson Hole symposium, investors are eager for clues from Chair Jerome Powell about the trajectory of interest rates. With inflation cooling and a rising unemployment rate, the focus is on whether the Fed will cut rates in September and by how much. Powell's speech is anticipated to reflect a shift from a restrictive policy to a more accommodating stance, emphasizing the dual goals of stabilizing prices and maximizing employment.
Source: YAHOO