Powell’s Jackson Hole Speech: Rate Cut Hopes Fade as Economic Data Shifts
Powell’s Jackson Hole Speech: Rate Cut Hopes Fade as Economic Data Shifts Markets are bracing for Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Symposium later this week, with expectations for a clear signal on interest rate cuts now significantly dampened. Despite earlier market certainty, recent economic data is challenging the narrative of an imminent September rate reduction. Just a week ago, futures markets priced in over a 95% chance of a September rate cut. However,…