BofA: Jackson Hole risks skew hawkish ...Middle East

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BofA: Jackson Hole risks skew hawkish
Bank of America expects the upcoming Jackson Hole symposium to be a pivotal moment for US rates, with Fed Chair Powell likely signaling a future rate cut while maintaining flexibility. The risks, however, lean toward a more hawkish tone, potentially strengthening the USD.Key Points:Jackson Hole Focus:The symposium is expected to be a key event for determining the direction of US rates.Fed Chair Powell is likely to indicate that the next move will be a rate cut, but will also emphasize flexibility depending on future economic data.Powell’s Expected Stance:Powell is expected to avoid committing to specific actions, instead keeping all options on the table ("not ruling anything in or out").This

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