According to BlockBeats, Federal Reserve Chairman Jerome Powell is scheduled to deliver a speech on the economic outlook at the Jackson Hole central bank annual meeting tonight at 22:00. The market is anticipating that Powell will announce the commencement of an interest rate cut cycle in September, with a focus on whether a 50 basis point cut remains an option. However, Powell may remain tight-lipped on this matter. Investors should be aware of potential market volatility during this period and consider related risks.
Powell's remarks will be closely analyzed for any indications of his economic outlook, especially in light of weaker-than-expected employment reports and further easing of inflation. The market widely expects the Federal Reserve to implement a rate cut at its next meeting on September 17-18, though there is some disagreement on the extent of the cut. While most economists predict a 25 basis point reduction, some forecasting agencies, including Citigroup and JPMorgan, anticipate a 50 basis point cut. Wall Street is betting that Powell will confirm the rate cut at the Jackson Hole meeting in Wyoming. The market debate has shifted from whether there will be a rate cut to how significant the cut will be.
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