Wall Street anticipates the Federal Reserve to make a rate cut next month, yet analysts express doubt. Chairman Powell's upcoming speech at the Jackson Hole conference will be pivotal in indicating future policy direction. Although inflation exceeds the Fed's target, there are concerns about the impact of tariffs on prices. Discrepancies in jobs data further complicate the decision-making process. Economists warn that a supply-side issue could exacerbate inflation if rates are lowered.
"Tariffs are feeding through unevenly and will continue to push inflation higher in the coming months. It will be difficult for policymakers to tease out one-off tariff effects from longer-lasting inflationary pressures."
"All eyes will turn to Federal Reserve Chairman Jerome Powell on Friday, when he is scheduled to deliver a highly anticipated speech at a central bank conference in Jackson Hole, Wyo."
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