- Analytics
- News and Tools
- Market News
- Fed Chair Powell’s remarks can probably see the Dollar gently bid – ING
Fed Chair Powell’s remarks can probably see the Dollar gently bid – ING
Today, the highlight will be Fed Chair Jerome Powell's testimony on monetary policy. The US Dollar can hold gains on limited Powell pushback, in the view of economists at ING.
Little incentive for Powell to push back
“The highlight of today's FX session will be Fed Chair Powell's first leg of his monetary policy testimony to Congress.”
“While welcoming the start of a broad disinflation process in early February, we doubt Powell will push back much against expectations of another 75 bps+ of Fed hikes. This should see the USD hold gains.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
