Dollar Struggles For Direction Ahead of Powell Speech
Barronsยท2025-10-14 07:18
Group 1 - The dollar is experiencing volatility as investors await comments from Federal Reserve Chair Jerome Powell regarding interest-rate cuts [1] - Powell is scheduled to speak at the National Association for Business Economics annual meeting in Philadelphia, which is a key event for market participants [1] - The U.S. government shutdown is causing delays in the release of official data that the Federal Reserve relies on for policy decisions [1] Group 2 - Investors are closely watching U.S.-China trade relations following President Donald Trump's threats of new tariffs against China [2] - New port fees will be implemented by the U.S. and China on each other's ships starting Tuesday, indicating escalating trade tensions [2]