Dollar steady as Fed's Powell says higher rates may be needed
Category:Cross-Border
Updated:2023-08-25
"Powell's words lacked the drama associated with previous speeches from (Former Fed Chair Ben) Bernanke and (former president of the European Central Bank, Mario) Draghi, and even fell short of the directness found in his own appearances, but we would argue this is a good thing - conditions remain too uncertain for black-and-white messaging, and markets should welcome a more gradualist and incremental approach at this point in the tightening cycle.鈥 -听91快活林鈥檚听Karl Schamotta
Cross-Border
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