Brokerages Overview: Rate Cut Predictions and Powell's Impact
Friday, 23 August 2024, 06:04
Market Predictions: September Rate Cut
Brokerages have set their sights on a potential rate cut this September, anticipating significant shifts in financial markets. Market analysts are closely monitoring Jerome Powell's forthcoming speech, which could shape future monetary policy decisions.
Impact of Powell's Speech
As traders await Powell's comments, the dollar remains in a precarious position while the South African rand shows signs of strength. The uncertainties surrounding retail sales, which declined by 0.3% in June, further contribute to the market's cautious stance.
- Key Factors Influencing Rate Decisions:
- Retail Sales Trends
- Inflation Predictions
- Global Economic Indicators
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.