The expectation of a Federal Reserve interest rate cut may cool due to the Jackson Hole meeting

ChainCatcher news, according to Jinshi reports, Russell Investments' Global Chief Investment Strategist Eitelman pointed out in a report that the outcome of the upcoming Jackson Hole meeting may differ from market expectations. Eitelman stated that Federal Reserve Chairman Powell's speech may not be as dovish as the market expects, and mentioned that a rate cut in September is "possible," with the expected cut being 25 basis points, rather than 50 basis points.