Dollar Nosedives Amid Mounting Fears Over Fed's Independence -Currency Recap
Benzinga Market Summary: Dollar Reaches 3-Year Lows, S&P Falls Amid Trump's Powell Criticism, Oil Falls On US-Iran Talks
Weekly ETF Flows: Three Out of 11 Sectors Record Outflows; Financial Sector Leads With Higher Inflows
The four major factors are hindering, and Powell has to "remain patient".
Persistently high inflation, declining potential for economic growth, and unusually uncertain economic prospects, coupled with Trump's potential threats to the independence of the central bank, have forced the Federal Reserve to "stand still." If the employment situation worsens dramatically, the Federal Reserve may take aggressive action, with the key indicator being the unemployment rate.
JPMorgan's Sundar: Now is the Best Time to Look for 'Pockets of Opportunity'
Dollar Slips To A Three-Year Low Below 98-Mark: 'Higher Rates Are Not Supporting The Dollar,' Says Expert