Powell opens the door for a rate cut in September at Jackson Hole
ChainCatcher news, according to Jinshi reports, MainSky Asset Management Company stated that Federal Reserve Chairman Powell is expected to open the door for a rate cut in September at the upcoming Jackson Hole seminar. Unlike last year's meeting, this time the cut is expected to be only 25 basis points. MainSky expects at least one more rate cut in the fourth quarter of this year.
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