Powell will have a window to set the tone for a September rate cut next Friday

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ODAILY
08-16
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Odaily Odaily News: Federal Reserve Chairman Powell is scheduled to speak on the economic outlook at 10:00 p.m. Beijing time next Friday, the first full-day meeting of the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming. The annual meeting of global central banks provides Powell with an opportunity to make an updated assessment of the trajectory of the U.S. economy and the outlook for monetary policy between the Fed's July and September policy meetings. Last month, he said the Fed may consider cutting interest rates at its next meeting if inflation and the labor market continue to cool.

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