Expectations for Federal Reserve interest rate cuts are diverging, with various opinions ahead of the Jackson Hole meeting

ChainCatcher news, according to Jinshi reports, the expectations for interest rate cuts at the upcoming Jackson Hole meeting are clearly divided among investment banks. State Street Global Advisors expects Powell may pave the way for a rate cut in September, while ANZ believes he might hint at a return to normalizing rates. UBS thinks Powell may lean towards a rate cut in September, while Russell Investments points out that the cut could be 25 basis points. ING mentions that concerns among Federal Reserve officials about the labor market may lead to a more dovish stance. Bank of America is skeptical about rate cuts, believing Powell will have the opportunity to express his views at the meeting.