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Powell's Speech at Jackson Hole May Impact Dollar Trend
Summary: According to sources, Australia and New Zealand Banking Group economist Capurso stated that Federal Reserve Chairman Powell's speech at the Jackson Hole annual symposium will serve as the next catalyst for the dollar trend. However, Capurso noted that Powell is unlikely to give a clear signal in any direction and may wait for more data. ...
According to sources, Australia and New Zealand Banking Group economist Capurso stated that Federal Reserve Chairman Powell's speech at the Jackson Hole annual symposium will serve as the next catalyst for the dollar trend. However, Capurso noted that Powell is unlikely to give a clear signal in any direction and may wait for more data. If Powell indicates a willingness to cut interest rates, the market is expected to more fully price in a rate cut in September, with the current probability of a rate cut at around 70%.
