Fed rate cut expectations may cool due to Jackson Hole meeting

Mike Artellman, global chief investment strategist at Russell Investments, pointed out in a report that the results of the upcoming Jackson Hole meeting may differ from market expectations. Artellman said that Federal Reserve Chairman Powell's speech may not be as dovish as the market expects, mentioning that a rate cut in September is "possible," with the rate cut expected to be 25 basis points, rather than 50 basis points. (Jinshi)