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This week will be crucial for the US dollar as Federal Reserve Chair Powell is set to testify on monetary policy, alongside key economic data releases such as CPI and PPI inflation figures. Major banks like JPMorgan Chase, Wells Fargo, and Citigroup are also reporting earnings.
JUST IN: CITI ANALYSTS FORECAST US FED TO BEGIN 25-BASIS POINT RATE CUTS THIS SEPTEMBER, AIMING FOR 200 BPS REDUCTION BY JULY 2025; BENCHMARK RATE TO DROP TO 3.25%-3.5%
Federal Reserve Chair Jerome Powell testifies on the Fed’s semiannual Monetary Policy Report before Senate Cmte today
Federal Reserve (#Fed) Speakers Michael Barr at 2:15 PM Barr, the Fed’s Vice Chair for Supervision, will offer insights into the regulatory aspects and supervision of financial institutions. His comments could have implications for banking sector regulations and stability.…
