QCP Capital: If global economic growth remains resilient, the US dollar will likely weaken from now on

Mars Finance reported on September 3rd that QCP Capital stated on its official channel that as September approaches, market focus has shifted from the extent of interest rate cuts to the independence of the Federal Reserve. Rising term premiums and a lower threshold for a dollar downturn signal a steepening yield curve and a weaker dollar, supporting gold and Bitcoin as hedges. The Jackson Hole meeting shifted risks toward a cooling labor market, keeping a September rate cut possible. Two rate cuts this year appear reasonable; investors currently need to balance inflation expectations with those driven by tariffs. If global economic growth remains resilient, the dollar is likely to weaken from here.