Powell to lay out case for 'orderly' September rate cut at Jackson Hole next week
Investing.com -- Fed Chairman Jerome Powell is likely lay out the case for rate cuts starting September when he takes to the stage at the annual central bank symposium in Jackson Hole, Wy., slated for next week but the Fed chief is expected to stress that cuts would be"orderly," downplaying the prospect of a 50 basis point cut next month.
Powell is expected"to make the case to take out a little more restrictiveness in the next few meetings than previously signaled, to better position policy, something of a recalibration," UBS said, but remain data dependent. Others agree, with Morgan Stanley downplaying the recession signal from the rise in unemployment rate isn't as worry as in previous cycles because labor demand is holding up relatively well.
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