BlockBeats news, on August 29, the U.S. July PCE inflation data met expectations, driving the dollar to continue its upward trend. Meanwhile, the market is closely watching President Trump’s attempts to force the Fed to cut interest rates. Fed Governor Waller reiterated a dovish stance, and Bannockburn Global Forex Managing Director Marc Chandler stated that in light of the worsening labor market, he supports a Fed rate cut in September while advocating to overlook tariff-related price pressures. (Jin10)
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The market is focusing on the independence of the Fed, and the dollar index maintains its rise.
BlockBeats news, on August 29, the U.S. July PCE inflation data met expectations, driving the dollar to continue its upward trend. Meanwhile, the market is closely watching President Trump’s attempts to force the Fed to cut interest rates. Fed Governor Waller reiterated a dovish stance, and Bannockburn Global Forex Managing Director Marc Chandler stated that in light of the worsening labor market, he supports a Fed rate cut in September while advocating to overlook tariff-related price pressures. (Jin10)