Reported 12 months ago
Federal Reserve Chair Jerome Powell's remarks at a press conference have sparked optimism among investors for potential rate cuts in the U.S., leading to a risk-on sentiment in Asian, European, and global markets. Powell's mention of the U.S. being in a 'disinflationary path' has put the dollar on the defensive, with Treasury yields lower. While the Fed remains data-dependent, traders are hopeful for up to two rate cuts this year. The European Central Bank's upcoming comments may further influence rate expectations, while upcoming economic events such as PMI releases and speeches from central bank officials could impact markets.
Source: YAHOO