Report: Federal Reserve Chairman Powell may maintain a neutral stance at the Jackson Hole Conference.

The Chief US Economist at Purvis First, Blerina Uruci, reported that as Federal Reserve Chairman Powell gives his speech at Jackson Hole, he may seek to retain maximum flexibility for future meetings of the Federal Open Market Committee and emphasize that the policy path will depend on inflation and labor market data. Before the Federal Reserve meeting on September 17, an employment report and a CPI report will be released. If inflation data unexpectedly significantly exceeds expectations or if the labor market shows a strong rebound, the next meeting may not result in an interest rate cut. If the August employment growth slows to below 50,000 per month and the unemployment rate rises, there may be a 50 basis point rate cut as a result of a more dovish stance.