From CNBC: 2024-08-22 15:08:29

Federal Reserve Chair Jerome Powell expected to announce rate cuts starting in September, continuing into 2025. Market predicts cuts despite uncertainty about magnitude and frequency. Powell’s speech at Jackson Hole conference to provide limited guidance on future policy decisions. Fed minutes show majority in favor of September cut. Philadelphia Fed President also advocates for rate reduction next month. Market speculates on quarter or half-point cut. Powell to confirm market expectations and address economic concerns. Goldma’sdonsensus predicts rate cuts at next three meetings. Powell may emphasize downside risks in the labor market at conference. Powell likely to ease fears of waiting on rate cuts after market reaction post-July meeting.

Read more: Here’s everything to expect from Fed Chair Powell’s speech Friday in Jackson Hole