Goldman Sachs moves their next Fed rate cut from December to September ...Middle East

Feds Powell will participate in a panel with ECB's Lagarde, BOE Bailey and BOJ Ueda tomorrow at 9:30 AM ET.

The Fed chair is under intense pressure from the Trump administration. It is a fait accompli that the Fed Chair's term will not be extended next year, and that a Fed chair in-waiting could potentially be in place in January when the next Fed appointment is scheduled. That nominee would likely be an ultra-dove who will look to shift the bias of the Fed markedly to the downside in rates.

Fed's Goolsbe will be speaking at the top of the hour (1 PM ET)

This article was written by Greg Michalowski at www.forexlive.com.

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