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Author: Markus Thielen, Founder and CEO of 10xResearch
Markets are eagerly anticipating Fed Chair Powell’s speech on Friday, August 23, at Jackson Hole. He’s expected to signal that the Federal Reserve is prepared to cut interest rates at its upcoming September 18, 2024 meeting. This decision would follow one of the longest periods in recent history during which the Fed raised rates, paused for an extended duration and shifted to a more accommodative monetary policy.