Markets focused on US Fed chair's Jackson Hole speech
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NEW YORK Markets and investors are eagerly awaiting Federal Reserve Chair Jerome Powell’s much-anticipated speech at an annual gathering of central bank chiefs in Jackson Hole , Wyoming, amid rising expectations of a rate cut in September. The hope is Powell will offer clues about how deeply and quickly the Fed will begin cutting interest rates in September after it jacked them to a two-decade high to beat inflation. Futures markets bet on a September interest rate cut following Fed meeting
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