Agencies: Federal Reserve Powell may remain neutral at Jackson Hole meeting

Blerina Uruci, chief U.S. economist at T. Rowe Price, said Fed Chair Jerome Powell's speech at the Jackson Hole meeting is likely to emphasize maximum flexibility for the next few FOMC meetings, noting that the policy path will depend on inflation and labor market data. She noted that a jobs report and a CPI report will also be released before the September 17 Fed meeting. If inflation rises sharply or the labor market picks up strongly, the next meeting is more likely to keep interest rates unchanged; if job growth falls below 50,000 per month in August and the unemployment rate rises, a dovish 50 basis point rate cut is likely. (Jin Ten)