The week is set to be dominated by two key events from the wider economy, notably United States data prints, which will follow commentary by Jerome Powell, Chair of the Federal Reserve.
These, Powell has previously said, are the Fed’s preferred yardstick for measuring inflation trends, with a better-than-expected number thus potentially impacting its next decision on interest rate adjustments.summarizedKobeissi referred to the possibility of the Fed abandoning its rate hike cycle for good, while Powell previously hinted that hikes may continue after being left unchanged in June.Fed target rate probabilities chart.
The week is set to be dominated by two key events from the wider economy, notably United States data prints, which will follow commentary by Jerome Powell, chair of the Federal Reserve.
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