Institution: Powell to Open Door to September Rate Cut at Jackson Hole

By: theblockbeats.news|2025/08/20 06:42:07

BlockBeats News, August 20th, MainSky Asset Management Company stated that Federal Reserve Chairman Powell is expected to open the door to a rate cut in September at the upcoming Jackson Hole Symposium. MainSky Board Chairman Eckhard Schulte stated that unlike last year's meeting, when Powell prepared the market for a 50 basis point rate cut, this time the cut is expected to be only 25 basis points.

He pointed out: "Unlike last year, the current monetary policy is closer to the 'neutral rate,' so there is no need for a rapid, significant rate hike to achieve normalization." MainSky expects at least one more rate cut in the fourth quarter of this year. (FXStreet)

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