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Analysts: Powell may avoid signaling easing measures this Friday due to rising inflation, remaining cautious
Summary: Contrary to market expectations of a 25 basis point rate cut by the Fed in September, analysts from HSBC and Bank of America suggest that Powell may refrain from signaling easing measures during his speech at the Jackson Hole symposium this Friday, despite weak job data and political pressure. Concerns about stagflation risks and rising ...
Contrary to market expectations of a 25 basis point rate cut by the Fed in September, analysts from HSBC and Bank of America suggest that Powell may refrain from signaling easing measures during his speech at the Jackson Hole symposium this Friday, despite weak job data and political pressure. Concerns about stagflation risks and rising inflation may be reasons for his cautious approach.
Note: Fed Chair Powell will deliver a speech at the Jackson Hole central banking conference this Friday at 10:00 PM.
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Link: Analysts: Powell may avoid signaling easing measures this Friday due to rising inflation, remaining cautious [Copy]
