TechFlow, August 19 — According to Jinshi Data, Russell Investments' Global Chief Investment Strategist Eitelman stated in a report that the outcome of the upcoming Jackson Hole conference may differ from market expectations. Eitelman said Federal Reserve Chair Powell's speech at Jackson Hole might be less dovish than the market anticipates.
Eitelman stated: "The chair will weigh FOMC divisions, along with the cross-currents of downside risks to employment and upside risks to inflation." The firm views a 25-basis-point rate cut by the Fed in September as "possible," rather than "certain," and expects a 25-basis-point reduction, not 50.
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