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Fed takeaway: Powell wants to keep September in play
Two CPI reports, two non-farm payrolls reports.Those are the big numbers that Fed Chairman Jerome Powell highlighted between now and the September 20 FOMC decision. The market is pricing in just a 20% chance of a hike, reasoning that even if the data is warm, the Fed can wait until November. And by November, the market is optimistic that something will cool, with only a 40% chance of a hike priced in.The overall tone from the Fed and Powell was data dependence but he did make a push to keep Sept...
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Posted: Jul 26 2023, 19:48
Author Name: forexlive
Views: 110757