LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Powell’s remarks sounded a touch more dovish – London Business News | London Wallet

Philip Roth by Philip Roth
July 2, 2024
in UK
Powell’s remarks sounded a touch more dovish – London Business News | London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Result expected in confidence vote on Oxford Union president-elect

William ‘not satisfied with Andrew outcome and will ban him from coronation’

Budget airliner almost falls into the sea at 300mph moments after taking off

Fed Chair Powell’s remarks at the ECB’s annual Sintra forum this afternoon sounded, at the margin, just a touch more dovish than those made of late, with the Chair noting that the US economy has made “quite a bit of progress” back towards the 2% inflation target, while also flagging that the economy is back on a disinflationary path, as suggested by the May CPI and PCE reports.

Commentary of this ilk appears to further open the door to a September rate cut, especially with Powell also flagging the risk associated with leaving it too late to deliver the first rate reduction.

A softer-than-expected jobs report on Friday, were it to come to pass, would likely further cement the case for said cut, to which markets assign a roughly 70% chance – perhaps, a touch underdone.

Naturally, risk sentiment has been given a lift by Powell’s comments, with equity futures back into positive territory on the day; dip buyers continue to rule the roost, with the medium-run path of least resistance continuing to lead to the upside, ably assisted by the ongoing ‘Fed put’, and policymakers clear desire to deliver a 25bp cut – and more beyond that – sooner rather than later.

The dollar has also faced some modest headwinds, though remains well within recent ranges against most G10 peers, ranges that should persist for some time, given the relatively narrow divergences between DM central banks, and the synchronised disinflationary path that most major economies continue to take.



Source link

Share30Tweet19
Previous Post

Kia’s EV sales surged to a new record in the US with affordable, long-range models

Next Post

Odds predict Labour will win 454 seats and a majority of 369 – London Business News | London Wallet

Philip Roth

Philip Roth

Recommended For You

Result expected in confidence vote on Oxford Union president-elect
UK

Result expected in confidence vote on Oxford Union president-elect

October 19, 2025
William ‘not satisfied with Andrew outcome and will ban him from coronation’
UK

William ‘not satisfied with Andrew outcome and will ban him from coronation’

October 18, 2025
Budget airliner almost falls into the sea at 300mph moments after taking off
UK

Budget airliner almost falls into the sea at 300mph moments after taking off

October 18, 2025
Alfie Boe on overcoming self doubt and why the theatre will always survive
UK

Alfie Boe on overcoming self doubt and why the theatre will always survive

October 18, 2025
Next Post
Odds predict Labour will win 454 seats and a majority of 369 – London Business News | London Wallet

Odds predict Labour will win 454 seats and a majority of 369 - London Business News | London Wallet

Related News

Entering new markets: Foot Anstey supports The Fry Group sale to Progeny – London Business News | London Wallet

Entering new markets: Foot Anstey supports The Fry Group sale to Progeny – London Business News | London Wallet

May 18, 2023
Teenage murders at 13-year low as Met chief says London ‘safer’

Teenage murders at 13-year low as Met chief says London ‘safer’

September 3, 2025
Thousands set to descend on London as Lionesses’ Euros celebrations continue

Thousands set to descend on London as Lionesses’ Euros celebrations continue

July 29, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?