This week, Paul Durrans, Investment Director and Matt Henderson, Portfolio Manager, look at the comments made by the US central bank chair Jay Powell at the annual conference in Jackson Hole. Jay Powell gave his strongest indication yet that the US central bank is ready to cut interest rates next month. The key question is whether it will be a 0.25% or 0.5% interest rate cut next month? The team reflect on the latest economic growth and inflation data this week which will be important to the decision. The team also discuss the encouraging inflation data from Europe which is trending better than expected and should give the European Central Bank the confidence to lower interest rates again in the coming months. We finish on Nvidia which despite beating analyst expectations fell in value by -6.4%.