With Fed rate cut set, Powell to focus on explaining US economic conditions

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With Fed rate cut set, Powell to focus on explaining US economic conditions - Business Standard

Quick Summary:

EDT (1400 GMT) in a remote lodge in Wyoming's Grand Teton National Park to address a gathering that has become a global platform for central bank officials to shape views of monetary policy and the economy.

Some, for example, have begun to worry the economy is at a point where the unemployment rate could rise fast and far enough to derail the "soft-landing" from inflation that they thought was within reach.

Because Fed policymakers at next month's meeting will update their interest rate projections for this year and 2025, Powell won't want to provide detailed forward guidance about what's to come - a risk in itself for the possible market reaction it could trigger, or the possibility coming data could push in a different direction.