Binance News
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Fed Chairman Powell's speech at the Jackson Hole symposium caused the US dollar index to plunge
According to PANews, a research report by CICC pointed out that Federal Reserve Chairman Powell said at the Jackson Hole Central Bank Annual Meeting that the United States faces the dual challenges of inflationary pressure and a cooling labor market.
Powell particularly emphasized the economic downturn risks shown by the cooling labor market. His dovish remarks greatly increased the probability of a rate cut in September, and the US dollar index plunged.
Powell particularly emphasized the economic downturn risks shown by the cooling labor market. His dovish remarks greatly increased the probability of a rate cut in September, and the US dollar index plunged.
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