Articles tagged with "powell"

The DOJ’s subpoena of Fed Chairman Powell raises risks for Fed independence, though the central bank is still seen as likely to hold interest rates unless inflation falls dramatically in Q1 - what does that mean for markets?

Despite incremental dovish shifts in the makeup of the FOMC voters, early 2026 is still likely to bring a pause to the Fed’s easing cycle.

DXY, USDCAD Outlook: With the Fed and BOC decisions just hours away, markets appear to have priced in 25 bps cuts and a dovish bias. Key levels are in focus, but any policy surprises — especially from the Fed — could trigger fresh volatility and extend current trends.

Once Powell gives us some direction, I would expect the dollar to continue in that direction until the release of more US data next week. Among them, consumer confidence (Tuesday) and core PCE index (Friday) are the most important. Looking further ahead, the August data releases of the nonfarm payrolls on September 5 and CPI on September 11 will be the most important macro pointers in as far as the dollar forecast and direction is concerned.

Crude Oil Weekly Outlook: WTI rebounded from critical support as crude oil inventories dropped and rate cut expectations spiral into uncertainty. Despite a risk appetite crunch, oil is holding gains above the 63.70 mark, which may be tested with Powell’s upcoming speech at the Jackson Hole Symposium.

The chances of (at least) a dissent against the consensus FOMC decision are high, highlighting the increasing tension within the committee. What does it mean for the US Dollar Index (DXY)?

The Fed is set to keep rates steady at 4.5% today, so traders are now focused on what Powell will hint. With inflation cooling and growth slowing, odds of a September rate cut are rising. So now the question remains if the Fed will signal a dovish pivot, or hold firm amid geopolitical tensions and tariff pressures? Equity markets are cautious yet below record highs and bond yields are rising.

GBPUSD, USDCAD Outlook: This week, the U.S. dollar lost bullish momentum, pushing both USDCAD and GBPUSD toward their respective 2025 extremes. With GBPUSD holding above 1.33 and USDCAD approaching 1.38, upcoming key events will be closely watched to reassess the market narrative.

Upside risks to the Fed’s inflation forecast are likely to hamstring Jerome Powell and the FOMC from delivering any imminent interest rate cuts.

Markets stay on edge as inflation fears grow, fueled by Fed Chair Powell’s stance on delaying rate cuts, upcoming U.S. CPI data, and tariff impacts. Nasdaq holds below record highs, while EUR/USD maintains its bullish rebound.

The Fed hinted at a longer pause to interest rates but Chairman Powell ultimately minimized his impact on markets in the January FOMC meeting.

The USD bullish rally continued to rage after Powell bluntly said that the Fed may not be in a hurry to cut rates, citing a strong labour market and a "remarkably strong" economy.