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Goldman Sachs: The Federal Reserve's policy interest rates are expected to drop soon, and Powell will become more dovish.

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Odaily
343Words
Aug 21, 2024

Odaily Planet Daily News Currently, the US stock market is showing a stable and optimistic trend. The market is eagerly anticipating Powell's speech at the Jackson Hole Economic Symposium scheduled for Friday. Goldman Sachs outlined several key issues they hope Powell will address at the symposium in their report. The most important of these is to demonstrate confidence in the inflation outlook in the speech. It is expected that Powell will provide more dovish information than at the press conference after the July FOMC meeting, and the Fed's policy interest rates will soon decrease. (FX168)

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