Federal Reserve Chair Powell to retain optionality, more data to come before Sept meeting

Via Reuters a snippet from the Commonwealth Bank of Australia on Powell speaking at Jackson Hole:

• “Markets will be laser focused to what Powell has to say at the end of this week, and on that, I think it will be a great opportunity for Powell to either endorse or push back market pricing,”
• “I think he’ll at least greenlight a rate cut at the September meeting. If anything, I think he’ll try to retain optionality because we do have some more data before the next meeting.”

More:

• On Friday Powell is likely to highlight inflation progress, allows focus on employment

• Federal Reserve Chair Powell to speak at 10am US Eastern time on August 23

• Bank of America on Powell speaking at Jackson Hole – to keep aggressive easing option open

• Next week doesn’t start until Thursday

This article was written by Eamonn Sheridan at www.forexlive.com. Source