Express
Fed's Powell may remain neutral at Jackson Hole meeting
Summary: According to sources, T. Rowe Price's Chief U.S. Economist Blerina Uruci stated that Fed Chair Powell's speech at the Jackson Hole meeting may emphasize maintaining maximum flexibility for the upcoming FOMC meetings, with policy direction depending on inflation and labor market data. Ahead of the September 17 Fed meeting, an employment report and CPI report ...
According to sources, T. Rowe Price's Chief U.S. Economist Blerina Uruci stated that Fed Chair Powell's speech at the Jackson Hole meeting may emphasize maintaining maximum flexibility for the upcoming FOMC meetings, with policy direction depending on inflation and labor market data. Ahead of the September 17 Fed meeting, an employment report and CPI report will be released. If inflation rises significantly or the labor market shows strong improvement, the likelihood of keeping rates unchanged is higher; if August job growth falls below 50,000 per month and the unemployment rate rises, a dovish rate cut of 50 basis points may occur.
