Powell's speech at Jackson Hole may influence the dollar's movement

ChainCatcher news, according to Jinshi reports, Commonwealth Bank of Australia economist Capso stated that the speech delivered by Federal Reserve Chairman Powell at the Jackson Hole annual symposium will become the next catalyst for the dollar's movement. However, Capso pointed out that Powell is unlikely to send a clear signal in either direction and may wait for more data. If Powell indicates a willingness to cut interest rates, the market is expected to price in the September rate cut more fully, with the current probability of a rate cut at around 70%.