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Fedâs Goolsbee says inflation is the main issue right now
Chicago Federal Reserve (Fed) President Austan Goolsbee commented in a CNBC interview at the Jackson Hole Symposium on Friday that he agreed with Fed Chair Kevin Warsh about the details of the economy, adding that âinflation is the Fedâs main issue right now.â
Dow Jones Industrial Average round-trips a Fed that promised nothing
The Federal Reserve (Fed) chair used the largest speaking slot on the calendar to commit to nothing and the futures market repriced September anyway.
US Dollar Index rallies as Warsh puts September rate hike back on the table
The US Dollar Index (DXY) rallies on Friday, gaining 0.36% to trade around 99.50 at the time of writing, as Federal Reserve (Fed) Chair Kevin Warshâs hawkish remarks at the Jackson Hole Symposium prompt investors to sharply reassess the outlook for US interest rates.
Euro slides below 1.1600 as Warsh brings Fed rate hike back into play
EUR/USD falls sharply toward 1.1595 on Friday at the time of writing, losing 0.48% on the day, as the US Dollar (USD) rallies following Federal Reserve (Fed) Chair Kevin Warshâs speech at the Jackson Hole Symposium.
US Dollar: Dovish Fed repricing risk grows â BBH
Brown Brothers Harrimanâs (BBH) Elias Haddad notes the US Dollar (USD) is mixed near a oneâweek high as major FX pairs test key technical levels, including EUR/USD at its 200âday moving average and USD/JPY near 160.00.
US Dollar: Jackson Hole scenarios shape FX risk â MUFG
MUFGâs Derek Halpenny and Abdul-Ahad Lockhart argue that Jackson Hole only becomes a significant FX event for the Dollar when the Federal Reserve Chair delivers a clear policy surprise or commits to future action.
âState terrorismâ: Iran condemns new US economic measures
Iran strongly condemned the latest economic measures imposed by the United States (US) on Friday, describing Washington's sanctions policy as âstate terrorismâ, according to a statement from the Iranian Foreign Ministry cited by Reuters.
US Dollar: Warsh speech keeps ranges contained â ING
INGâs Chris Turner notes a quiet, risk-positive week for global markets, with low volatility and mixed G10 FX, as the Dollar debasement theme fails to extend.
US Dollar: Warsh speech risks asymmetric USD reaction â Commerzbank
Commerzbankâs Volkmar Baur notes the US Dollar has stabilized after last weekâs setback, with Kevin Warshâs Jackson Hole speech seen as the next key test.
United States Dollar Index steadies above 99.00 before Fed Chair Warsh speech
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining minor support after registering minor losses in the previous day and trading around 99.20 during the Asian hours on Friday.
Fedâs Collins says PCE does not change restrictive policy view
Boston Federal Reserve (Fed) President Susan Collins crossed the wires on Thursday as the Jackson Hole Symposium began. She said that the recent PCE inflation report does not change the view that policy is restrictive and will lead to gradual disinflation.
US President Trump hits Canada on trade, says Hormuz Oil keeps flowing
US President Donald Trump held a press conference on Thursday at the White House, where he insisted that Canada has been "ripping" off the US on trade and that it wants to be âtreated like a state.â
Fedâs Hammack says policy restrictiveness still needed
Cleveland Federal Reserve (Fed) President Beth Hammack said on Thursday on Fox Business that the job market is broadly in balance, while adding that âwe need restrictiveness in policy.â