Analyst: Powell May Avoid Signaling Ease This Friday, Inflation Rebound Gives Him Reason to Remain Cautious

BlockBeats News, August 18th. The market widely expects the Fed to cut interest rates by 25 basis points in September. However, analysts from HSBC and Bank of America pointed out that despite weak employment data and facing political pressure, Powell may avoid sending a dovish signal in his speech at the Jackson Hole Symposium this Friday. Concerns about stagflation risks and inflation rebound may be reasons for him to remain cautious. (Bloomberg)

BlockBeats Note: At 10:00 PM this Friday, Fed Chair Powell will deliver a speech at the Jackson Hole Economic Policy Symposium.