Tag: Jackson Hole
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Weekly EurUsd Outlook for August 26, 2024 – Dollar Freefall Amid Powell’s Rate Cut Signal
Markets are in sync with Powell and the Fed, as Jackson Hole saw the announcement that the time for rate cuts has arrived. The U.S. economy is slowing down, job creation is falling short of estimates, and inflation is gently retreating. A similar situation is unfolding in Europe, but it was enough for the stock…
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Weekly EurUsd Outlook for August 5, 2024 – Markets Anticipate Fed & ECB Rate Cuts Amid Economic Uncertainty
Fed Defers Rate Decision to September Amid Rising Employment Concerns The Federal Reserve has kept interest rates unchanged as expected, deferring any decisions to September, contingent on upcoming data confirming the rising inflation trend seen so far. Consequently, the market has responded by further lowering long-term interest rates, convinced that there will be multiple rate…