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Powell may use Jackson Hole speech to hint at rate cuts

  • Chair Jerome Powell will give a significant speech on Friday in Jackson Hole, Wyoming, indicating the Fed's economic outlook and potential policy changes.
  • Powell is expected to express greater confidence that inflation is moving towards the 2% target needed for rate cuts.
  • The speed of any rate cuts will depend on upcoming economic data, particularly after recent hiring results and inflation reports.
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  • 48% of the sources are Center
48% Center
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