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Federal Reserve Chair Powell to retain optionality, more data to come before Sept meeting

Via Reuters a snippet from the Commonwealth Bank of Australia on Powell speaking at Jackson Hole:

  • “Markets will be laser focused to what Powell has to say at the end of this week, and on that, I think it will be a great opportunity for Powell to either endorse or push back market pricing,”
  • “I think he’ll at least greenlight a rate cut at the September meeting. If anything, I think he’ll try to retain optionality because we do have some more data before the next meeting.”

More:

This article was written by Eamonn Sheridan at www.forexlive.com.

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