Express
Opinion: Powell's Remarks at Jackson Hole May Be More Cautious
Summary: According to sources, the Jackson Hole symposium is the focus of this week. ANZ economist Shwetha Sunilkumar stated that last year, Fed Chair Powell openly discussed the reasons for an upcoming rate cut at the meeting, but this year Powell may not be as straightforward. Sunilkumar added that Powell may indicate a higher likelihood of ...
According to sources, the Jackson Hole symposium is the focus of this week. ANZ economist Shwetha Sunilkumar stated that last year, Fed Chair Powell openly discussed the reasons for an upcoming rate cut at the meeting, but this year Powell may not be as straightforward. Sunilkumar added that Powell may indicate a higher likelihood of further easing policies this year, but will not commit to a specific timeline, especially after last week's stronger-than-expected July service and producer price data intensified inflation concerns. She also noted that some regional Fed officials have become more cautious about the timeline for future easing. The bank's baseline expectation still believes that the Fed will cut rates at the September meeting.
