TechFlow news, August 21 — According to Jinshi Data, T. Rowe Price's Chief U.S. Economist Blerina Uruci said that Fed Chair Powell's speech at the Jackson Hole symposium is likely to emphasize maximum flexibility for the upcoming few FOMC meetings, noting that the policy path will depend on inflation and labor market data. She pointed out that before the Fed meeting on September 17, one more employment report and one CPI report will be released. If inflation rises significantly or the labor market rebounds strongly, the likelihood of holding rates steady at the next meeting would be higher; if August job growth drops below 50,000 per month and the unemployment rate rises, a dovish 50-basis-point rate cut could occur.
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