POWELL'S JACKSON HOLE SPEECH TO SUPPORT SEQUENCE OF 25BP CUTS...

POWELL'S JACKSON HOLE SPEECH TO SUPPORT SEQUENCE OF 25BP CUTS Fed Chair Powell will "express a bit more confidence in the inflation outlook" in his Jackson Hole speech, while putting "a bit more emphasis on downside risks in the labor market" than he did in the July Q&A, Goldman Sachs analysts say in a note about the central bank symposium. Powell will speak Friday. Goldman Sachs expects the speech to support its call for 25-basis point cuts in each of the remaining three meetings of this year. "A dovish surprise could be any hint that the level of the funds rate is inappropriately high, while a hawkish surprise could be highlighting instead that broad financial conditions are still quite easy," the analysts say

https://x.com/DeItaone/status/1825945878248538145