Institutions: Fed Chair Powell Likely to Remain Neutral at Jackson Hole

According to Jinse Finance, Blerina Uruci, Chief U.S. Economist at T. Rowe Price, stated that Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole meeting may emphasize maintaining maximum flexibility for the upcoming FOMC meetings, noting that the policy path will depend on inflation and labor market data. She pointed out that before the Federal Reserve meeting on September 17, there will be one more employment report and one more CPI report released. If inflation rises sharply or the labor market shows a strong recovery, it is more likely that rates will remain unchanged at the next meeting; if August employment growth falls below 50,000 per month and the unemployment rate rises, a dovish rate cut of 50 basis points may occur. (Jin10)