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💥 Markets expect a 25bps Fed cut in Sept, but @federalreserve Chair Powell may hold back at this Fri’s Jackson Hole speech, say analysts from @HSBC & @BankofAmerica.
📉 Weak jobs & political pressure exist, but fears of 🔥 stagflation & 📈 inflation rebound could keep policy cautious.
#Fed JacksonHole #Inflation Stagflation #MonetaryPolicy Markets #Bloomberg