According to Odaily, Stephen Brown, Deputy Chief Economist for North America at Capital Economics, stated in a report that the Federal Reserve might adjust its language this week to indicate an increasing likelihood of a rate cut at the next meeting. However, he doubts that a clear signal of a rate cut will be given until the Jackson Hole Symposium in August. Federal Reserve Chair Jerome Powell will have another opportunity to discuss interest rates at the symposium, which will be held from August 22 to 24 in Jackson Hole, Wyoming. The event will gather officials and economists from around the world to discuss policy.