đŽ In about 15 minutes, the summit of the Jackson Hole Symposium will be of great importance, in which the Chairman of the US Federal Reserve, Jerome Powell, will speak.
âą The market will await clarifications or hints about the possibility of cutting interest rates next September and how much the rate will be.
âą Experts stated that the issue of cutting interest rates in September is crucial, but the question will be whether the cut will be a quarter point or half a point.
âą We believe that Jerome Powell will prepare the market for an upcoming cut in September.
âą But be careful, any tone from Powell that sets conditions for cutting interest rates will cause the dollar to rise again.
âą As the market now wants certain news about the September cut because it is the price of that
