CoinVoice Latest News, according to Jin10, economists from the Commonwealth Bank of Australia, including Capso, stated that the speech given by Federal Reserve Chairman Powell at the Jackson Hole annual symposium will become the next catalyst for the dollar's movement. However, Capso noted that Powell is unlikely to send 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 price in the September rate cut more fully, with the current probability of a rate cut at around 70%.
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CoinVoice Latest News, according to Jin10, economists from the Commonwealth Bank of Australia, including Capso, stated that the speech given by Federal Reserve Chairman Powell at the Jackson Hole annual symposium will become the next catalyst for the dollar's movement. However, Capso noted that Powell is unlikely to send 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 price in the September rate cut more fully, with the current probability of a rate cut at around 70%.