Federal Reserve Chairperson Jerome Powell is scheduled to speak on the economic outlook at 10:00 PM Beijing time next Friday, and 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 pointed out that funds remain optimistic about a stronger dollar, which could pose downside risks. Bank of America said that the market has priced in four rate cuts this year, and we don't think Powell will go against the ma...
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...
Federal Reserve Chairperson Jerome Powell is scheduled to speak on the economic outlook at 10:00 p.m. Beijing time next Friday, the first full-day day of the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming. The annual meeting of global central banks provides Powell with an opportunity to provide an update on the trajectory of the U.S. economy and the outlook for monetary policy between the Fed's July and September policy-making meetings. Last month, he said the Fed might con...