Powell's Jackson Hole Speech Expected to Signal Rate Cuts

As inflation nears target and job market weakens, Fed Chair Jerome Powell's upcoming speech may outline the pace of interest rate reductions.

Fed officials express growing confidence in controlling inflation, shifting focus to labor market health.
Recent data shows mixed economic signals, making Powell's speech less predictable.
Economists anticipate rate cuts in September and December, but exact timing remains uncertain.
Market reactions hinge on Powell's tone and economic data updates, including upcoming jobs report.
Investors anticipate a dovish message but limited market impact due to pre-priced rate cuts.