Dollar Subdued After Data as Focus Turns to Jackson Hole | Honolulu Star-Advertiser
The greenback was little changed after July inflation topped forecasts and traders shifted focus to Kevin Warsh’s Jackson Hole speech for policy clues.
- On Friday, Federal Reserve Chair Kevin Warsh addresses the Jackson Hole symposium in Wyoming, where global investors await signals on future interest rate policy and economic risks.
- Data released Wednesday showed July inflation exceeded expectations, boosting market bets for a September rate hike to over 40% as Fed officials express growing concern over persistent price pressures.
- Kansas City Fed President Jeffrey Schmid questioned whether current rates of 3.50 per cent-3.75 per cent sufficiently restrict spending, while Cleveland Fed President Beth Hammack said 'Now is the time to act.'
- Observers like Adam Posen, president of the Peterson Institute for International Economics, argue Warsh must clarify his willingness to raise rates if inflation remains significantly above the Fed's two per cent target.
- BNY strategist Geoff Yu noted a recurring pattern of 'persistent dollar selling into and through month end,' while International Monetary Fund Financial Counsellor Tobias Adrian warned forward guidance can become costly amid supply shocks.
12 Articles
12 Articles
Treasury yields hold firm ahead of Kevin Warsh's key Jackson Hole address
US Treasury yields were flat before Warsh's Jackson Hole address, with slight increases seen in longer-term yields. Comments from Fed officials and strong inflation data raise expectations for upcoming rate hikes.
The domestic exchange surrounds stability on the morning of Friday and the dollar shows slight fall in front of the real, with market participants waiting for the speech of the president of the Federal Reserve (Fed), Kevin Warsh, at the annual symposium of Jackson Hole. The movement is similar to that observed in other emerging and developed markets, where the currencies show no strong oscillations in the session. Around 9:15, the dollar was tra…
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Dollar Holds Near One-Week High as Markets Await Warsh’s Jackson Hole Remarks
The U.S. dollar held near a one-week high against major currencies on Friday as investors largely stayed on the sidelines ahead of Federal Reserve Chair ... The post Dollar Holds Near One-Week High as Markets Await Warsh’s Jackson Hole Remarks first appeared on [your]NEWS.
Global Market: European shares edge higher as investors await Fed Chair Warsh’s Jackson Hole speech
European shares edged higher on Friday, led by a recovery in French stocks after their sharp selloff in the previous session. Investors shifted focus to Federal Reserve Chair Kevin Warsh’s Jackson Hole speech for clues on inflation, interest rates and bond-market volatility, while gains were seen across all STOXX 600 subsectors.
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