Investors brace for rocky ride as focus turns towards Jerome Powell’s speech.

# The markets are on the edge even after the FOMC Minutes indicated that the Federal Reserve is set to cut rates in September.

# All anxious eyes now turn to the biggest event this week: Jerome Powell’s Jackson Hole speech on Friday at 10:00 AM ET.

# All eyes and ears will be tuned in to see if Powell:

1. Confirms a rate cut is coming in September
2. And if so, by how much
3. Or if it sounds like it may get postponed until November.

# According to the CME FedWatch Tool, Fed-funds futures now see a 73.5% chance of a 25 basis point cut in September, compared with a 26.5% chance of a 50 basis point cut. 

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