Powell’s pivot leaves traders debating size, path of rate cuts
==========
Federal Reserve Chair Jerome Powell indicated interest-rate cuts are imminent, signaling a shift from two-decade high rates; traders are now focused on the size of the first cut and future easing paths; Powell's comments led to a drop in US Treasury yields and the dollar, while boosting stocks; the benchmark 10-year Treasury yield fell to 3.8%, with a 1.44% gain in US government debt for August; traders anticipate a potential half-point cut in September; the next US labor report is due on Sept. 6, which will influence rate cut decisions; geopolitical tensions in the Middle East may impact market strategies; the dollar's decline makes it attractive for carry trades; the Japanese yen gained against the dollar, closing at 144.39 per dollar.
#FederalReserve #InterestRates #JeromePowell #Treasuries #Dollar #Stocks #GeopoliticalRisk #CarryTrades #Yen #MarketAnalysis
https://theedgemalaysia.com/node/724180
The Edge Malaysia /
npub15q…t0mcv
2024-08-26 03:56:06
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npub15q3n6g46fstp0h7wemjzwkh9jy6akndzdzk2sz8q0hwgvz6sfe3srt0mcvSeen on
wss://relay.nostr.bandPublished at
2024-08-26 03:56:06Event JSON
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"content": "Powell’s pivot leaves traders debating size, path of rate cuts\n==========\n\nFederal Reserve Chair Jerome Powell indicated interest-rate cuts are imminent, signaling a shift from two-decade high rates; traders are now focused on the size of the first cut and future easing paths; Powell's comments led to a drop in US Treasury yields and the dollar, while boosting stocks; the benchmark 10-year Treasury yield fell to 3.8%, with a 1.44% gain in US government debt for August; traders anticipate a potential half-point cut in September; the next US labor report is due on Sept. 6, which will influence rate cut decisions; geopolitical tensions in the Middle East may impact market strategies; the dollar's decline makes it attractive for carry trades; the Japanese yen gained against the dollar, closing at 144.39 per dollar.\n\n#FederalReserve #InterestRates #JeromePowell #Treasuries #Dollar #Stocks #GeopoliticalRisk #CarryTrades #Yen #MarketAnalysis\n\nhttps://theedgemalaysia.com/node/724180",
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