Powell to Leave the Door Open for a September Rate Cut at Jackson Hole
According to Jinse Finance, MainSky Asset Management stated that Federal Reserve Chairman Jerome Powell is expected to pave the way for a rate cut in September at the upcoming Jackson Hole symposium. Unlike last year's meeting, this time the rate cut is expected to be only 25 basis points. MainSky anticipates at least one more rate cut in the fourth quarter of this year. (Jin10)
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