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Divergent Expectations for Fed Rate Cut Ahead of Jackson Hole Conference

Summary: According to sources, investment banks have diverging expectations for the upcoming Jackson Hole conference. JPMorgan predicts Powell may pave the way for a rate cut in September, while ANZ Bank believes he may hint at rate normalization. UBS suggests Powell may lean towards a rate cut in September, with Russell Investments pointing to a possible ...

According to sources, investment banks have diverging expectations for the upcoming Jackson Hole conference. JPMorgan predicts Powell may pave the way for a rate cut in September, while ANZ Bank believes he may hint at rate normalization. UBS suggests Powell may lean towards a rate cut in September, with Russell Investments pointing to a possible 25 basis point cut. ING mentions Fed officials' concerns about the job market could lead to a more moderate stance. Bank of America remains skeptical about a rate cut, suggesting Powell may use the conference to clarify his position.

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