Fed Chair Jerome Powell may seriously disappoint Wall Street at Jackson Hole

(Credit: David Paul Morris—Bloomberg via Getty Images)

• Wall Street overwhelmingly expects the Federal Reserve to cut rates next month, and Chairman Jerome Powell’s speech on Friday will give him a chance to hint at which direction policymakers are headed. But some analysts don’t think a September rate cut is in the bag, and even some who do expect a cut are doubtful that Powell will tease it at Jackson Hole.

All eyes will turn to Federal Reserve Chairman Jerome Powell on Friday, when he is scheduled to deliver a highly anticipated speech at a central bank conference in Jackson Hole, Wyo.