CoinVoice Latest News, according to Jin10, before the speech of Federal Reserve Chairman Powell at the upcoming Jackson Hole annual meeting, investors digested stronger-than-expected U.S. economic data, leading to a stronger dollar. The U.S. PMI released on Thursday surpassed expectations, boosting the dollar. Analysts at Deutsche Bank indicated that this data prompted investors to Gota their expectations for a Federal Reserve rate cut, resulting in a sense of "nervousness" among investors before Powell's speech. Analysts pointed out that investors will closely follow whether Powell places more emphasis on the weak employment data.
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CoinVoice Latest News, according to Jin10, before the speech of Federal Reserve Chairman Powell at the upcoming Jackson Hole annual meeting, investors digested stronger-than-expected U.S. economic data, leading to a stronger dollar. The U.S. PMI released on Thursday surpassed expectations, boosting the dollar. Analysts at Deutsche Bank indicated that this data prompted investors to Gota their expectations for a Federal Reserve rate cut, resulting in a sense of "nervousness" among investors before Powell's speech. Analysts pointed out that investors will closely follow whether Powell places more emphasis on the weak employment data.