"It's highly likely Powell will use his Jackson Hole address to declare it will soon be the 'appropriate' time to cut rates. So attention will focus on a narrower question: Will he or won't he signal an openness to a 50-basis-point move? We don't think Powell will shut the door to a 50-bp cut, but he also won't show any particular inclination toward it."
"The highlight will come Friday, when Fed Chair Jerome Powell speaks about the economic outlook in a keynote address at 10 a.m. New York time. With the US central bank approaching a crucial pivot point, it's difficult to overstate how much attention financial markets will be paying."
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