Bank of America: The market is pricing in four rate cuts this year, and we do not believe Powell will go against market pricing

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell is scheduled to speak about the economic outlook next Friday at 10:00 PM Beijing time. Bank of America predicts that Powell's speech at the Jackson Hole meeting is unlikely to have a significant impact on the dollar.

The bank's analysts point out that funds remain optimistic about the dollar's strength, which could pose downside risks. Bank of America stated that the market has priced in four rate cuts this year, "we do not believe Powell will go against market pricing; he will keep the option for aggressive easing, depending on the data before the September meeting."