Analysts at TD Securities, counsel that the Jackson Hole conference can spotlight gap remarks by Fed Chair Powell, with investors trying to find more steering concerning the trail ahead for rates.
Key Quotes
“We don't anticipate vital announcements by Powell concerning the policy outlook. If something, we might expect him to retell his post-FOMC group discussion message, wherever he argued that the Fed was embarking on a "mid-cycle adjustment" in policy.”
“We conjointly expect policymakers to {remain} non-committal in their steering for future rate cuts and state that they'll remain watchful of future information and developments on world growth and trade uncertainty.”
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