The Federal Reserve's interest rate cut expectations may be cooled by the Jackson Hole meeting
2025-08-19 06:25:44
Eitelman, global chief investment strategist at Russell Investments, pointed out in a note that the outcome of the upcoming Jackson Hole meeting may differ from market expectations. Eitelman said that the speech of Federal Reserve Chairperson Powell may not be as dovish as market expectations, and mentioned that a rate cut in September is "possible". A rate cut is expected to be 25 basis points, not 50 basis points. (Golden Ten)
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