Fed's Powell may use Jackson Hole speech to shed light on rate cut timing

All eyes will be on Federal Reserve Chair Jerome Powell when he delivers the keynote speech at the central bank's summer symposium in Jackson Hole, Wyoming, on Friday.

Powell is widely expected to use the speech to provide some hints about the timing of interest-rate cuts and where the Fed sees the economy headed over the next year.

"To us, the key will be Chair Powell’s tone, which we expect to lean dovish," said Jack Janasiewicz, lead portfolio strategist at Natixis Investment Managers Solutions.