The Financial Post reports in its Tuesday, Aug. 20, edition that Wall Street is anticipating that U.S. Federal Reserve chairman Jerome Powell will announce upcoming interest rate cuts at the central bank's annual conference in Jackson Hole, Wyo. A Bloomberg dispatch to the Post reports that stock traders, however, may be disappointed as the debate shifts from "will they or won't they?" to "how big will they go?" Eric Beiley at Steward Partners Global Advisory LLC stated: "If traders receive confirmation of rate cuts, stocks will react positively. If not, it could trigger a significant sell-off." Money managers, who recently reinvested heavily in Big Tech stocks, are now contending with this challenge while chasing the S&P 500 index as it climbs higher. Markets are fully expecting the Fed to start reducing borrowing costs at its upcoming meeting in September. However, Mr. Powell might choose to remain vague about the timing of rate cuts during his speech on Friday, staying true to his cautious and noncommittal approach. Mr. Beiley said: "Markets are so confident that rate cuts are coming very soon. It would be a huge surprise if Powell didn't reinforce that's the path ahead."