Dollar Death-Cross Looms As Rate-Cut Hopes Soar Ahead Of Powell Speech

Financial Conditions continue to ease since The Fed Minutes specifically warned against “unwarranted” easing of financial conditions… Source: Bloomberg Brace for Powell to go full Jackson-Hole tomorrow to assuage this kneejerk response asap. SF Fed’s Mary Daly started the ball rolling today at around 1230ET, noting that “getting inflation down to 2% won’t be complete […] Source