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Federal Reserve Chair Jerome Powell delivers his annual address Friday morning at the central bank’s annual symposium in Jackson Hole, Wyoming.
With the speech expected to review the economic situation and the Fed’s five-year framework outlook, markets also are looking to Powell to provide strong hints about a September interest rate cut.
For their part, the chair and other officials have been cautious about easing monetary policy with the impact of tariffs on inflation still unclear. Still, markets are pricing in a better than 70% probability that the Fed uses its meeting next month to cut interest rates, currently 4.25% to 4.50%, for the first time since December 2024.
Along with the outlook for rates, markets will pay close attention to Powell’s assessment of the labor market as well as inflation.
