TechFlow news, on June 18, according to Jinshi Data, Mitsubishi UFJ analyst Derek Halpenny said in a report that Fed Chair Powell may signal future rate cuts during Wednesday's meeting, but any decline in the dollar could be limited amid tensions between Israel and Iran. He said that given weaker-than-expected labor market and inflation data, the overall tone of Powell's speech could be interpreted as "dovish," implying rate cuts. This might lead to a slight increase in expectations for rate cuts beyond September. However, before the outlook on the conflict between Israel and Iran becomes clearer, the willingness to sell the dollar may temporarily weaken.
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