Bank of America: The market has priced in four interest rate cuts this year, we don't believe Powell will go against the market pricing

Federal Reserve Chairman Powell is scheduled to speak on the economic outlook at 10:00 PM Singapore time next Friday. Bank of America predicts that Powell's speech at the Jackson Hole meeting is unlikely to have a significant impact on the dollar. The bank's analysts pointed out that funds still hold an optimistic attitude towards the strengthening of the dollar, which may bring downside risks. Bank of America stated that the market has priced in four interest rate cuts this year, "We do not think Powell will go against market pricing, he will retain aggressive easing options depending on data before September’s meeting."