Analyst Kuran: Powell's Press Conference Will Determine Market Narrative
Analyst Kuran thinks the key to Fed Chair Powell's press conference over the next hour will be how dovish he sounds. Will he emphasise the idea of a possible 50 basis point rate cut at the end of this year, or will he be reserved and try to anchor the conversation on data watch, caution and the need to gain confidence before cutting rates again? Kuran noted that Powell's challenge is to control the market narrative, which is out of the Fed's control.
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