A note from analysts at a European-based bank on Thursday said Powell will signal at his speech at Jackson Hole that the inflow of data supports beginning the Fed's rate cut cycle at the September 17-18 meeting.
Yeah, I think there is no doubt about that.
Maybe a super high CPI will halt it but I doubt it.
The countdown to only a month to go begins today (given the 17th is a Saturday and we'll all be drun .... otherwise engaged).
Speaking of Jackson Hole, Powell's gig is confirmed:
- Federal Reserve Chair Powell to speak at 10am US Eastern time on August 23
- Bank of America on Powell speaking at Jackson Hole - to keep aggressive easing option open
