TechFlow, Aug. 22 — According to Jinshi Data, Christoph Rieger, Head of Interest Rate and Credit Research at Commerzbank, said in a report that Fed Chair Powell has previously used the Jackson Hole symposium to signal significant shifts in policy guidance, but such a scenario is unlikely this year.
Rieger stated: "Although we expect Powell’s remarks this time will not mark a major departure from previous guidance—namely, that the Fed is waiting for more data—it would be reasonable to leave the door open for a 25-basis-point rate cut in September."
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