On August 7th, Jin Shi Data reported that Deutsche Bank said that after the recent market turbulence, the Federal Reserve is unlikely to endorse the expectation of a more aggressive interest rate cut than previously expected at the upcoming Jackson Hole Symposium, which may boost the dollar. Currency analyst Antje Praefcke stated in a report that unless the CPI inflation data on August 14th is higher than expected, or the market experiences another large-scale panic, Federal Reserve officials may try to remain calm at the symposium from August 22nd to 24th and wait for the next labor market report in September. ‘This would mean that the current interest rate cut expectations may need to be revised, and the US dollar may rise a bit more.’
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