Viewpoint: Powell's statements at Jackson Hole may be more cautious.

On August 18, the Jackson Hole Symposium is the focus of this week. ANZ economist Shwetha Sunilkumar stated that last year, Fed Chair Powell clearly articulated the reasons for an upcoming rate cut at the meeting, but this year Powell may not be so straightforward. Sunilkumar added that Powell may indicate a greater likelihood of implementing further easing this year but will not commit to a specific timeline, especially after the stronger-than-expected July services and producer price data released last week, which heightened inflation concerns. She also noted that some regional Fed officials have become more cautious regarding the timeline for future easing. The bank's benchmark expectation still believes that the Fed will cut rates at the September meeting. (Jin10)