This week's market turmoil can be seen as a "reality check", and it is also the chaos brought about by the period of market change. The soaring yen and the intensification of conflicts in the Middle East have created a perfect storm, and the adjustment of Japanese investors' positions is not over yet... > >
Deutsche Bank said that after the recent market turmoil, the Federal Reserve is unlikely to endorse expectations at the upcoming Jackson Hole seminar that it may cut interest rates more aggressively than previously expected, which could boost the dollar. Currency analyst Antje Praefcke said in a note that unless the CPI inflation data on August 14 is higher than expected, or there is another major market panic, Fed officials may try to appear calm at the August 22-24 seminar and...
Despite the heightened political turmoil in the United States, investors are still insisting that U.S. interest rates will fall this year. The odds of the Federal Reserve staying put next week and cutting rates on Sept. 18 are both above 90 percent, according to CME Group, and the odds of a total of three rate cuts this year are close to 50 percent. That's little changed from before Biden dropped out of the race. Wells Fargo economists said in a note that they expect the Fed to keep policy on ho...