"US data should give officials more confidence that inflation is heading to 2% and we suspect attention will start focusing on achieving a ‘soft landing’ for the economy. Next week’s FOMC meeting should lay the groundwork for a September rate cut as policy starts shifting from restrictive territory to something more neutral" - Source - Think ING
A rate cut by the Fed will put bearish pressure on the US dollar. However, speculations of a rate cut have been going on for over the past month signalling that the rate cut has mostly been priced in.
We can expect bullish price action leading up to the rate cut.
A rate cut by the Fed will put bearish pressure on the US dollar. However, speculations of a rate cut have been going on for over the past month signalling that the rate cut has mostly been priced in.
We can expect bullish price action leading up to the rate cut.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.