The USD Fell Ahead of Chairman Jerome Powell’s Speech


Although the Us inflation is on the downside, the dollar still fell ahead of the anticipated Jackson Hole. According to the recently released data, the Federal Reserve’s inflation measure, the Core PCE Price Index, missed expectations across the board and fell below the previous month’s levels.

This follows the earlier data released this month that showed US headline inflation falling in July from 9.1% to 8.5%, primarily due to a slowdown in energy costs, while core inflation remained steady at 5.9%, beating market expectations of 6.1%.

Today’s data may increase the growing feeling that inflation in the US, though extremely high, has topped and that the recent rate hikes by the Federal Reserve are impacting price pressures.

Though the Fed’s high and might not favor a more dovish monetary policy, the central bank has said that the future path of rate hikes is data-dependent, and today’s fall will have been noted.

The USD slipped post-release of the speech; however, more is expected in terms of further movement ahead of Fed chair Jerome Powell’s speech at 15:00 UK at the Jackson Hole symposium. The markets have been in a holding pattern this week, waiting for Powell’s words which are likely to reinforce that the Fed will keep on hiking rates until inflation is seen falling towards the target.

This Post Has 2 Comments

  1. ¿Cómo sé con quién está chateando mi esposo o esposa en WhatsApp? Entonces ya estás buscando la mejor solución. Escuchar a escondidas en un teléfono es mucho más fácil de lo que cree. Lo primero que debe instalar una aplicación espía en su teléfono es obtener el teléfono objetivo.

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.