🚨 Forecasting USD Trends / FOMC Waller Speech

Let's take a look at what might happen next week using historical data, sources, research, and analysis!

I'll mainly focus on the US economy, especially the USD. There are some other major news events coming up, but I'll focus specifically on the USD.

There's a speech by FOMC member Waller tomorrow. In his previous speech on July 17, 2024, FOMC member Waller discussed the challenges of 2024 for economic forecasting and monetary policy.

He noted that inflation had jumped early in the year, but recent data suggests moderation, with GDP growth slowing and inflation easing. He also mentioned that labor supply and demand are now roughly in balance, and wage growth is slowing.

Waller outlined three scenarios for the second half of 2024:

- In an optimistic scenario, continuous favorable inflation data could lead to a rate cut soon.

- In a more moderate scenario, uneven inflation data would delay any rate cut decision.

- In a pessimistic scenario, a resurgence in inflation would delay rate cuts and require tighter policy.

Waller emphasized that policy decisions would be data-dependent, with the possibility of a rate cut approaching.

Given this context, in his upcoming speech tomorrow, Waller is likely to discuss the recent low CPI figures and the ongoing concerns about a potential recession. I don't anticipate significant market volatility following his speech.

#EmperorMajesty #LowestCPI2021 #USDollarWarning $BTC $ETH $BNB #LowestCPI2021 #MarketDownturn