Fx News

USD to grind higher if Powell realigns the market to the Fed’s rate trajectory – DBS Bank

Student learning online, closeup. E-learning. Young business woman sitting at table in cafe and writing in notebook with a pen while online working on laptop computer.

US Dollar Index closed the first two days of the week in tremendous territory. Fed Chair Jerome Powell will share his ideas on the financial system and labor market at the Brookings Institute today. Economists at DBS Bank assume Powell to realign markets to the Fed’s costs trajectory.

Powell will stress that prices will solely pause in 2023
“Powell will stress that costs will solely pause in 2023 and remind markets that the Fed has but to begin an interior debate on the place and when fees will peak. Powell have to reaffirm the Fed’s intention to raise the 2023 goal for costs from the 4.6% pencilled in September in subsequent month’s Summary of Economic Projections.”

“If Powell realigns the market to the Fed’s fee trajectory, the UST 10Y yield ought to upward jostle above 4% once more and pull the USD higher.”


Related posts
Fx News

USD/CAD Price Analysis: Sellers attack 1.3660 support confluence to open 100-pip fall

USD/CAD holds decrease floor close to intraday backside at some point of the first loss-making day…
Read more
Fx News

GameStop’s premarket surge has investors wondering if squeeze is back on

GME inventory is up on Wednesday after the gaming retailer swung to its first underlying internet…
Read more
Fx News

US Dollar Index Price Analysis: DXY bears appear well-set to visit 102.65-55 zone despite pre-Fed inaction

US Dollar Index grinds close to five-week low, probes bears after four-day downtrend. Bearish MACD…
Read more
Become a Trendsetter
Sign up for Davenport’s Daily Digest and get the best of Davenport, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *