As the Jackson Hole meeting approaches, investment banks' expectations for a Fed rate cut are becoming increasingly divergent.

[Bitpush] According to reports, investment banks have significantly diverged in their expectations for interest rate cuts at the upcoming Jackson Hole meeting. State Street Global Advisors expects Powell may pave the way for a rate cut in September, while ANZ believes he may hint at a return to normalizing interest rates. UBS thinks Powell may lean towards a rate cut in September, while Russell Investments points out that the cut could be 25 basis points. ING noted that concerns among Fed officials about the job market could lead to a more dovish stance. Bank of America remains skeptical about the rate cut, believing Powell will have the opportunity to make a statement at the meeting.