Powell drops a bombshell at Jackson Hole

Federal Reserve Chair Jerome Powell struck a dovish surprise at the annual get together of central bankers in Jackson Hole, Wyoming last week. Has this effectively guaranteed a September rate cut from the FOMC? And what do fears over Fed independence mean for the US dollar?

Our analysts also dissect the latest encouraging business activity PMI figures out of the Euro Area, and break down the implications of last week’s worrisome UK inflation figures for both the pound and Bank of England interest rates.

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