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Wall Street is banking that Powell will signal a rate cut at Jackson Hole—but the closer it gets, the less likely it looks

Upworthy Monday, 18 August 2025 ()
Markets had been nearly certain the Fed would cut rates in September, but fresh producer price data are weakening those odds ahead of Chair Jerome Powell’s Jackson Hole speech. While investors still see an 85% chance of a cut, Bank of America now expects rates to hold, warning tariffs and sticky…
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