Bank of America: The market is pricing in four rate cuts this year, and I don't think Powell will go against market pricing

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ODAILY
08-16
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Odaily Odaily reported that Federal Reserve Chairman Powell is scheduled to speak on the economic outlook at 10:00 p.m. Beijing time next Friday. Bank of America predicts that Powell's speech at the Jackson Hole conference is unlikely to have much impact on the US dollar. The bank's analysts pointed out that funds are still optimistic about the strengthening of the US dollar, which may bring downside risks. Bank of America said that the market has priced in four rate cuts this year. "We don't think Powell will go against market pricing. He will retain the option of aggressive easing, depending on the data before the September meeting." (Jinshi)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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