European Markets Set for Slightly Lower Open as Fed Hike Fears Resurface
"We expect the market to approach the Fed's Jackson Hole meeting fearing a hawkish message that could drive a sharp risk-off move. However, we think the message will be more nuanced, and possibly even reassuring," said Steve Englander, head of global FX research and North America macro strategy at Standard Chartered.
"For the Fed, getting inflation down towards targets is non-negotiable. Chair Powell is likely to state that the Fed will raise rates as far as it takes, and for as long as it takes, to lower inflation."Money Report
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