Fed interest rate cut expectations may cool down due to Jackson Hole meeting
According to online reports, Etelman, global chief investment strategist at Russell Investments, pointed out in his report that the outcome of the upcoming Jackson Hole meeting may differ from market expectations. Eitelman said Federal Reserve Chairman Powell's speech might not be as dovish as the market expected, and mentioned that a rate cut was "possible" in September and that the rate cut was expected to be 25 basis points instead of 50 basis points. (Jin Shi)
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