Fed's Powell May Strike Neutral Tone at Jackson Hole -- Mark

Dow Jones NewsAug 21, 4:34 AM UTC

DJ Fed's Powell May Strike Neutral Tone at Jackson Hole -- Market Talk

 

0434 GMT - Fed Chair Powell will likely seek to maintain maximum flexibility about the next few FOMC meetings in his Jackson Hole speech and lean on the policy path being dependent on inflation and labor-market data, says Blerina Uruci, chief U.S. economist at T. Rowe Price. She points out that there will be one more payroll and CPI report before the Sept. 17 Fed meeting. A no rate-cut scenario is likely for the next meeting if inflation surprises significantly to the upside or the labor market rebounds strongly. A dovish outcome of a 50bp cut is possible if August payroll growth slows below 50,000 a month and the unemployment rate increases, she says in a note. ([e-mail])

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August 21, 2025 00:34 ET (04:34 GMT)

 

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