"The US dollar was relatively steady on Monday as investors looked ahead to a busy week of Federal Reserve communication following last week's policy easing. Chair Jerome Powell and several other policymakers are scheduled to speak in the coming days, with markets attuned to any signals on the pace and scope of future cuts. Attention could turn to Fed Governor Stephen Miran, who dissented at the September meeting in favour of a larger 50-basis-point move."
"His upcoming speech is expected to provide a detailed defence of his decision and could shape market sentiment on the Fed's credibility amid heightened political scrutiny. Later this week, economic data will also play a key role in shaping market sentiment. On Friday, the August PCE price index, the Fed's preferred gauge of inflation, is expected to show a 0.2% monthly rise, down from 0.3% in July."
The US dollar held relatively steady as investors prepared for a week heavy with Federal Reserve communication after recent policy easing. Multiple Fed speakers, including Chair Jerome Powell, will offer signals on the likely pace and scope of future interest-rate cuts. Fed Governor Stephen Miran, who dissented in September in favor of a larger 50-basis-point move, will deliver a speech expected to defend his stance and could affect perceptions of Fed credibility amid political scrutiny. Friday's August PCE, the Fed's preferred inflation gauge, is forecast to show a 0.2% monthly rise and could move both yields and the dollar.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]