Fed Chair who spooked markets with hawkish tone reveals AUD's 0.6585 weakness
Key Points
- Fed Chair Jerome Powell's cautious stance on rate cuts has w...
Jerome Powell just reminded everyone why central bankers make terrible party guests - they always kill the mood right when things get interesting. The Fed Chair's latest remarks about taking their sweet time with rate cuts have sent the Australian Dollar tumbling below 0.6600, landing at a rather uncomfortable 0.6585 during early Asian trading on September 25.
Powell's message was crystal clear: the Fed sees no rush to slash rates aggressively, preferring to walk the tightrope between taming inflation and not completely crushing the job market. This cautious stance has been pure rocket fuel f...
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