Capital Economics: The Federal Reserve may change its wording this week, but it may give a clearer signal of its interest rate cut measures in August.
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Odaily Odaily News Capital Economics North America Deputy Chief Economist Stephen Brown said in a report that the Fed may change its wording this week to reflect the increasing possibility of a rate cut at the next meeting, but it is suspected that it 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 held in Jackson Hole, Wyoming from August 22 to 24, when officials and economists from all over the world will discuss policy. (Jinshi)
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