Federal Reserve Chairman Powell is unlikely to hint at a policy shift, but is laying the groundwork for a 25 basis point rate cut

ChainCatcher news, according to Jinshi reports, Christoph Rieger, head of interest rates and credit research at Deutsche Bank's research department, stated in a report that it is unlikely that Federal Reserve Chairman Powell will hint at significant policy changes at the Jackson Hole seminar, but it is reasonable to keep the door open for a 25 basis point rate cut in September. Rieger expects that Powell's remarks will not see significant changes and will still await more data.