Federal Reserve Chair Jerome Powell indicated Friday at the Jackson Hole Economic Symposium that “additional evidence of persistently above-trend growth could put further progress on inflation at risk and could warrant further tightening of monetary policy." Currently, there is an 80.5% likelihood that the Federal Reserve will maintain its benchmark interest rate within the 5.25% to 5.50% range during the upcoming September meeting, according to the CME FedWatch Tool. Markets are pricing in a 55% chance of a Fed rate hike at its early-November policy meeting (read: Time for High-Quality ETFs as Slowdown Worries Mount?).