🇺🇸 SUMMARY OF FED CHAIR POWELL’S JACKSON HOLE SPEECH



👉Risks are shifting, may justify policy adjustment
👉Downside risks to jobs are increasing
👉Labor supply softening with demand
👉Fed moving away from flexible average inflation targeting
👉Stable inflation expectations no longer “a given”

This Signals the Fed is setting the stage for a September rate cut.
MAY-7.02%
STAGE-17.22%
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