All Eyes on Powell’s Jackson Hole Speech as Markets Seek Clues on September Rate Cut

Federal Reserve Chair Jerome Powell’s upcoming address at the Jackson Hole Economic Symposium is set to be the highlight of the event, with market participants eagerly awaiting any hints about a potential interest rate cut in September.

Traders are keenly anticipating Powell’s speech, wondering whether he will use this platform to signal a forthcoming rate cut. Scott Helfstein, head of investment strategy at Global X, believes Powell should seize the opportunity to highlight the Fed’s recent achievements and guide the market toward a 25-basis-point cut next month.

As is tradition, Powell is expected to deliver the opening remarks at the Jackson Hole conference next Friday morning. While market participants are divided on whether the Fed will opt for a 25- or 50-basis-point reduction, the final decision could be heavily influenced by the August jobs report, which is due just a week after the symposium.