Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell’s remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25 bps cut at the Federal Reserve’s September meeting. […]
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Transcript: Conway Gittens: I’m Conway Gittens reporting from New York City. Here’s what we’re watching on TheStreet today. Wall Street looked to the bond market for guidance on Monday following the biggest weekly stock market rout Read more…