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Fed Chair Jerome Powell Speaks at Jackson Hole Summit According to Polymarket data, the probability of a 25 basis point rate cut in September has dropped to 61%, a nearly 20% drop from its previous high in just one week! Tonight at 10:00 PM, Federal Reserve Chairman Jerome Powell will deliver a speech at the Jackson Hole Summit. He addressed the annual Jackson Hole Economic Policy Symposium in Wyoming, discussing the US economy, inflation outlook, and potential interest rate projections.

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