BlockBeats news, on August 22, Australian Federal Bank economist Capurso stated that the speech made by Federal Reserve Chairman Powell at the Jackson Hole annual seminar will become the next catalyst for the dollar's movement. However, do not expect Powell to give any clear signals in either direction.
Capurso indicated that he might keep his options open, waiting for more data. However, if Powell indicates a willingness to cut rates, the market is expected to price in the September rate cut more fully, and the dollar will decline moderately.
He said that the probability of an interest rate cut in September is currently around 70%, setting a high bar for Powell to deviate from market expectations. (Golden Ten)
