Jerome Powell takes centre stage at the Federal Reserve’s Jackson Hole jamboree on Friday but the Fed chair would have to sound super hawkish to stop the dollar (.DXY), opens new tab recording one of its worst weeks of the year.
Powell’s colleagues have already done a fine job tamping down expectations that the Fed’s first interest rate cut next month will be as much as 50 basis points – and futures markets are squarely priced for little more than a quarter-point move.
Source: REUTER
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