Aug. 20 (Bloomberg) -- Sweden's central bank cut interest rates by 25 basis points to lower its benchmark rate to 3.50 percent from 3.75 percent, in line with market expectations, after it halted cuts in June after cutting rates in May. This Friday, Aug. 23, local time, during the annual central bank meeting in Jackson Hole, Wyo! Federal Reserve Chairman Jerome Powell will deliver a major speech that will be watched globally. Wall Street expects that Powell will use this opportunity to confirm that the Fed is going to cut interest rates, and the focus of the debate among stock traders has changed from whether the Fed will or will not cut interest rates to how drastically the Fed will cut.