Key Points:
Waller Turns Dovish:Fed Governor Waller, a past hawk and potential Fed Chair under a Trump administration, now supports a rate cut as early as next month, signaling internal divergence.
USD Strength Not on Solid Ground:MUFG warns that recent USD gains, driven by geopolitics and delayed Fed easing, rest on “shaky foundations” if dovish momentum grows or tensions ease.
Powell will likely maintain a measured tone before Congress, but growing internal Fed dissent and political pressure could shift expectations toward earlier easing. Markets may become more sensitive to nuances in testimony, especially if dovish leanings emerge.
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This article was written by Adam Button at www.forexlive.com. Read More Details
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