Analyst: The Market’s Biggest Concern Is That Powell’s Press Conference May Not Be Dovish Enough
According to a report by Jinse Finance, analyst Childe-Freeman stated that both the Federal Reserve's policy statement and the two dissenting votes from officials were unsurprising. The key to assessing whether there will be a rate cut in September will hinge on Powell's press conference. Any dovish hints released during the conference could support dollar bears, but this week's data has not truly resolved the uncertainty surrounding the current economic situation, which also validates the rationale for holding rates steady. She pointed out, "The most painful market scenario is if the dovish signals from the press conference are 'not strong enough' to reverse the dollar's rebound this week, thereby leaving room for the dollar to continue its upward trend."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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