Capital Economics: The Federal Reserve may change its wording this week, but it may give a clearer signal of its interest rate cut measures in August.
According to a report by Stephen Brown, North American Deputy Chief Economist at Capital Economics, the Federal Reserve may change its wording this week to reflect the increasing likelihood of a rate cut at the next meeting, but doubts that it will give a clearer signal of a rate cut until the Jackson Hole symposium in August. Powell will have another opportunity to discuss interest rates at the meeting in Jackson Hole, Wyoming from August 22 to 24, where officials and economists from around the world will discuss policy.
