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Capital Economics: The Fed may change its wording this week, but may give a clearer preview of rate cuts in August
2024-07-31 16:26:19
Odaily News Stephen Brown, deputy chief economist for North America at Capital Economics, said in a report that the Fed may change its wording this week to reflect the increasing likelihood of a rate cut at its next meeting, but doubts will wait until the Jackson Hole symposium in August to more clearly announce the rate cut. Powell will have another chance to talk about interest rates at the conference in Jackson Hole, Wyoming, from August 22 to 24, when officials and economists from around the world will discuss policy. (Jinshi)