Forex Analysis & Reviews: 23.08.2023 - What to expect from Powell's...

Live Chat

Equipe InstaForex Loprais - Participante oficial do rali Dakar

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

Abertura de Conta

Veja também

Condições de Negociações

Análise Forex

Gráficos

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

Como começar a negociar

Informação útil

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

Sistema PAMM

Sistema ForexCopy

Investimentos passivos

Contas OYS

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

Página Principal

Área do Parceiro

Vantagens para Afiliados

Registro

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

Concursos

Eventos

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

Fórums

Estamos nas redes sociais

Humor Forex

Portal Forex

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

História

Porque nos escolher

InstaSport

Regulamentação

Notícias da Empresa

Premiações

Estrelas da InstaForex

InstaForex Offline

Headquarters

Principais documentos

Responsabilidade Social

InstaForex - Parceiro oficial do Dragon Racing

23.08.2023 11:53 AM

What to expect from Powell's speech in Jackson Hole?

All market participants are sitting on the sidelines of the speech by Federal Reserve's Chair Jerome Powell at the annual symposium held by the central bank of Jackson Hole, Wyoming. He is due to speak on Friday. It goes without saying that financial markets will be riveted to the Fed leader's keynote speech delivered every year. Investors will be looking for clues to further policy moves of the Federal Reserve. Meanwhile, investors are trying to puzzle out whether the US central bank will follow its ongoing hawkish monetary policy and raise the funds rate by another 25 basis points one more time this year or abandon its aggressive monetary tightening.

However, Powell's speech is unlikely to be as powerful this year as it was last year. Jerome Powell's 10-minute speech at Jackson Hole last year rocked financial markets. In his speech, the chairman focused on getting the economy back to price stability, saying it would take some time and also require some pain for households and businesses. He called these measures a dear price to pay to bring inflation down.

Inflationary pressure peaked at 9.1% on year in June 2022 and since then, sank to 3.2% in July of this year. In this context, Powell will speak more calmly. At the same time, the Fed's goal of pushing inflation to 2% remained in place.

Many analysts, including Philadelphia-based Fixed Income Portfolio Manager Jack McIntyre at Brandywine Global Investments Management, say that the Federal Reserve is unlikely to change the game and come up with opposite statements this year. Most likely, Powell's speech will be: "We have done a lot in our monetary policy, but there is still much to be done, and our mission is not yet completed."

The mainstream opinion of most analysts is that the Fed chairman's speech at Jackson Hole this year will be moderately hawkish, and this will be the difference from last year. Powell's speech last year pushed precious metals prices to historic highs. The precious market will hardly respond in this manner this year as well.

You have already liked this post today

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.