Summary
Fed expected to cut rates at September meeting
Powell telegraphed policy easing in July remarks
Jackson Hole speech begins at 10 a.m. EDT (1400 GMT)
JACKSON HOLE, Wyoming, Aug 23 (Reuters) – U.S. economic data is giving the Federal Reserve the green light to cut interest rates, financial markets are aligned for the first move, and the central bank all but gave the game away on Wednesday when a readout of its July meeting showed a “vast majority” of policymakers agreed the policy easing likely would begin next month.
