The market remains uncertain regarding the timing of a US interest rate cut, with participants closely monitoring the release of economic data to gauge the Federal Reserve’s next steps.

The Jackson Hole Economic Policy Symposium held last week was a significant annual gathering where central bankers, policymakers, economists and scholars convened to discuss economic challenges and the policy options available.

A key focal point of the event was Federal Reserve Chairman Jerome Powell’s speech on Friday, which investors hoped would provide an insight into the Fed’s intentions regarding interest rate cuts.

Earlier in the week, minutes from the Federal Open Market Committee (FOMC) meeting were published, revealing that a majority of Federal Reserve members acknowledged ongoing inflation risks related to tariffs and were reluctant to lower interest rates.

Before Powell’s address, some policymakers sent mixed signals about the economic outlook. Some maintained that high inflation necessitated a restrictive policy from the Federal Reserve, stressing the need to prioritize inflation control. However, the market interpreted the Fed Chairman’s comments as somewhat dovish.

He highlighted the economic outlook by noting that while........

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