Rabobank analysts suggest that the Fed Chairman Powell’s speech at Jackson Hole suggests that he is leaning toward a September rate cut and did not lay out a reaction function regarding the Fed’s rate path beyond September. Key Quotes “Earlier today other FOMC participants showed that three weeks after the divisions at the July meeting there is still a lot of disagreement in the Committee.” “While Powell’s speech was supposed to be the main event of the day, Jackson Hole was overshadowed by a further escalation in the US-China trade war. There is now a strong feedback loop between trade policy and monetary policy that will force the FOMC to make more insurance cuts in the coming months, most likely in September and October.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Malta-based Binance kick-starts cryptocurrency lending service FX Street 4 years Rabobank analysts suggest that the Fed Chairman Powell's speech at Jackson Hole suggests that he is leaning toward a September rate cut and did not lay out a reaction function regarding the Fed's rate path beyond September. Key Quotes "Earlier today other FOMC participants showed that three weeks after the divisions at the July meeting there is still a lot of disagreement in the Committee." "While Powell's speech was supposed to be the main event of the day, Jackson Hole was overshadowed by a further escalation in the US-China trade war. There is now a strong feedback loop between trade… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
