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Powell to Open Door for Rate Cut in September at Jackson Hole

Summary: According to sources, MainSky Asset Management stated that Federal Reserve Chairman Powell is expected to open the door for a rate cut in September at the upcoming Jackson Hole symposium. Unlike last year's meeting, this rate cut is expected to be only 25 basis points. MainSky predicts at least one more rate cut in the ...

According to sources, MainSky Asset Management stated that Federal Reserve Chairman Powell is expected to open the door for a rate cut in September at the upcoming Jackson Hole symposium. Unlike last year's meeting, this rate cut is expected to be only 25 basis points. MainSky predicts at least one more rate cut in the fourth quarter of this year.

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