Powell's two-day speech in Congress will clarify everything

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08.07.2024 12:28 PM

This week is full of interesting events that could lead to a shift in market dynamics.This primarily concerns the demand for the US dollar, which has significantly decreased after the recent Federal Reserve meeting. Jerome Powell's testimony before lawmakers this week could change everything. The policymaker will likely state that Federal Reserve officials need additional confirmation of slowing inflation before they can lower interest rates — and this is given the growing trend of slowing price growth and employment.The consumer

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