Bank of America: Market pricing has cut interest rates four times this year, and I don't think Powell will go against market pricing
2024-08-16 12:22:48
Midland Reserve Chairperson Powell Beijing time Friday night 10 00desk3cryptocurrencydesktopCrypto News
Federal Reserve Chairperson Jerome Powell is scheduled to speak on the economic outlook at 10:00 p.m. Beijing time next Friday. Bank of America forecasts that Powell's speech at the Jackson Hole conference is unlikely to have much impact on the dollar. Analysts at the bank noted that funds remain optimistic about the strength of the dollar, which could pose downside risks. The market has priced in four rate cuts this year, BofA said. "We don't think Powell will go against market pricing. He will keep the option of aggressive easing, depending on the data before the September meeting."
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