<p>For Evercore's Krishna Guha, Powell's speech was much more moderate than the market feared. He said, &#34;Powell's speech at Jackson Hole opened the door for a rate cut in September, sending a clear and strong signal that the Federal Reserve is expected to lower rates by 25 basis points at that meeting.&#34;</p>

<p>Evercore's Krishna Guha believes that Powell's speech at Jackson Hole was more dovish than the market expected, suggesting that the Federal Reserve may cut rates by 25 basis points in September</p>

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