Wall Street Pares Interest Rate Cut Expectations Ahead of Powell’s Jackson Hole Speech

Date:

‘I think we’ve got some work to do,’ Kansas City Fed President Jeffrey Schmid said.

Wall Street Pares Interest Rate Cut Expectations Ahead of Powell’s Jackson Hole Speech

Federal Reserve Chairman Jerome Powell testifies before the House Committee on Monetary Policy in Washington on Feb. 12, 2025. Madalina Vasiliu/The Epoch Times

Andrew Moran

|Updated:

Investors pared their interest rate cut expectations ahead of Federal Reserve Chair Jerome Powell’s speech at the annual Jackson Hole retreat.

New CME FedWatch Tool data show the futures markets now assign a 74 percent probability to a quarter-point reduction in the federal funds rate—a key benchmark for borrowing costs that stands in a target range of 4.25 and 4.5 percent—at the September policy meeting.

Andrew Moran

Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”

Author’s Selected Articles

spot_imgspot_imgspot_img

Share post:

More like this
Related

TikTok Accused of Violating EU Rules on Online Safety for Children

The European Commission has made the preliminary finding that...

Trump Accounts Are Now Open: What Parents and Grandparents Need to Know Before Contributing

As of July 4, 2026, money can officially flow...

Sen. Ron Wyden Introduces Bill to Return Tariff Authority to Congress

Sen. Ron Wyden (D-Ore.) introduced legislation on July 22...

Young Middle-Income Buyers Frustrated as US Home Costs Rise Faster Than Incomes

Stealers Wheel’s 1973 hit “Stuck in the Middle with...