TechFlow news, August 20 — According to Jinshi Data, MainSky Asset Management stated that Fed Chair Powell is expected to open the door for a rate cut at the upcoming Jackson Hole symposium.
Eckhard Schulte, Chairman of MainSky's Board, said that unlike last year's meeting, when Powell prepared markets for a sharp 50-basis-point rate cut, this time the expected reduction will be just 25 basis points.
He noted: "Unlike last year, current monetary policy is closer to the 'neutral rate,' so there's no need for rapid and large-scale rate hikes to achieve normalization." MainSky expects at least one more rate cut in the fourth quarter of this year.
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