Powell speech
Another Strong Performance for Crypto and the Dollar
November 14, 2024
Prior to today’s release of U.S. October producer price figures, the weighted DXY dollar index had advanced another 0.3% to a two-year high. There were gains of 0.3% relative to the Swiss franc, sterling and yen and by 0.2% relative to the euro, kiwi and Australian dollars. The dollar got as firm as JPY 156.24 […] More
Powell Predictably Didn’t Pull Any Punches in Jackson Hole Speech
August 26, 2022
The tone of Fed Chairman Powell’s keynote address today at the Jackson Hole Symposium was hawkish in spite of data released earlier in the day that revealed a larger July downtick in inflation than was forecast. Monetary policy will err toward restraint until officials are very sure that inflation is returning all the way to […] More
