Tom Essaye: Powell’s Jackson Hole Speech Could Set Rate-Cut Expectations
Sevens Report president Tom Essaye: Fed chair’s comments may shape September policy outlook
Target is probably still missing the mark: Opening Bid top takeaway
“Powell could pave the road for a 25 basis point cut in September, he could push back on those expectations or he could simply not discuss policy much at all. From a market standpoint, any hint of promise of a rate cut will be welcomed, and push back on rate-cut expectations will likely cause a market decline,” Sevens Report Research founder Tom Essaye said.
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