Federal Reserve Chair Jerome Powell will deliver a closely watched speech titled “Economic Outlook and Monetary Policy” at the NABE annual meeting today. This comes at a time of intense market volatility, with investors awaiting signals on US interest rates. Futures markets currently assign a 97% probability of a 25 basis point rate cut in October and an 89% probability of another in December. This suggests broad expectations for monetary easing amid signs of economic slowdown. However, if Powell signals ...