Commerzbank: Powell Unlikely to Signal Policy Shift but May Lay Groundwork for a 25 Basis Point Rate Cut
According to a report by Jinse Finance, Christoph Rieger, Head of Rates and Credit Research at Commerzbank Research, stated that while Federal Reserve Chairs have previously used the Jackson Hole Symposium to signal significant changes in policy guidance, such an occurrence is unlikely this year. Rieger noted, “Although we expect no major shift from previous guidance—that the Fed is waiting for more data—it would be reasonable for Powell to leave the door open for a 25 basis point rate cut in September.”
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