This time, however, the picture is far more muddled, and economists are split over whether Powell will telegraph a likely rate decrease next month or a continuation of the Fed’s wait-and-see approach...

Federal Reserve Chair Jerome Powell's closely watched Jackson Hole speech on Friday boosted optimism in markets that the U.S. central bank is poised to ease rates, sending investors to pile into risk...

However, Wall Street investors are expecting a 25 bps rate cut in September amid the rising risk of an economic slowdown in the US economy.