Dear Trader,
Since Federal Reserve Chair Jerome Powell said that July's rate cut was merely a "mid-cycle adjustment" and an "insurance cut", the market mood has changed. Rising trade tensions and fears of a recession weigh on markets which expect the Fed cut again in September. In his critical Jackson Hole speech, Powell is set to hint about the next moves and rock the dollar.
Since Federal Reserve Chair Jerome Powell said that July's rate cut was merely a "mid-cycle adjustment" and an "insurance cut", the market mood has changed. Rising trade tensions and fears of a recession weigh on markets which expect the Fed cut again in September. In his critical Jackson Hole speech, Powell is set to hint about the next moves and rock the dollar.