Jinshi Data News on July 9th, Federal Reserve Chairman Powell will testify in Congress later, when he may provide clues about the trend of Taxa de juros. Michael Pfister, a forex analyst at Deutsche Bank, said in a report that Powell is unlikely to make a clear statement about when the Fed will cut interest rates, but he may provide some hints. 'Between the lines... he is likely to suggest whether the further weakness of recent real economic data has raised some initial doubts about his basic strategy. If the market senses such doubts, the US dollar may face further pressure.'
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Deutsche Bank: Powell may not provide explicit interest rate guidance, but is expected to give some hints
Jinshi Data News on July 9th, Federal Reserve Chairman Powell will testify in Congress later, when he may provide clues about the trend of Taxa de juros. Michael Pfister, a forex analyst at Deutsche Bank, said in a report that Powell is unlikely to make a clear statement about when the Fed will cut interest rates, but he may provide some hints. 'Between the lines... he is likely to suggest whether the further weakness of recent real economic data has raised some initial doubts about his basic strategy. If the market senses such doubts, the US dollar may face further pressure.'