Monthly Archives: October 2024
Jerome Powell Hawkish Statement Spurs Dollar

Written on October 1, 2024 at 5:30 am, by pumarketings
Market Summary The U.S. dollar gained momentum following a hawkish statement from Fed Chair Jerome Powell, signalling that the Federal Reserve is not in a rush to accelerate rate cuts and is likely to maintain a quarter-point rate reduction in the near term. This boosted the Dollar Index (DXY), which rose over 0.5% in theContinue Reading