Stocks Forexlive Americas FX news wrap 25 Aug: Powell/Fed prepared to raise rates but "carefully"
US equities finish the week on a high note ECB''s Kazaks: I''m in no rush to say that we are done on rates Lagarde: "Pretty confident" that by end-2023 inflation numbers will look different ECB Lagarde: Need to set rates at sufficiently restrictive level for as long as necessary WTI crude futures settle at $79.83 As the month moves to a close, where have the markets taken traders? Baker Hughes total rigs down to 632 from 642 last week Goolsbee: Still feels confident about reaching the "golden path" of a soft landing European indices snapped back higher into the close and end the day positive Fed''s Mester: We probably still have more work to do A September UAW strike is almost a sure thing Fed''s Harker says he doubt rate cuts are on the table until next year at some point Powell: We are prepared to raise rates further if appropriate, will proceed carefully July final UMich US consumer sentiment 69.5 vs 71.2 expected Belgian August business sentiment -14.9 vs -14.8 prior How Christine Lagarde could steal the show at Jackson Hole Kickstart your FX trading with a technical look at the EURUSD, GBPUSD and USDJPY Canada prelim July wholesale sales +1.4% The AUD is the strongest and the CHF is the weakest as a North American traders enter ForexLive European FX news wrap: Tentative mood as stocks keep steady for now, Powell eyed Fed''s Powell''s Jackson Hole speech finally came and unlike last year when the speech was short and sweet and to the point, there was little bit of something for everyone : Regarding monetary policy and rate decisions: Prepared to raise rates further if deemed necessary.
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