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Robin Brooks
robin-j-brooks.bsky.social
did:plc:ud2qlpa2iyw2yamklvfl246q
Yesterday's Powell speech was unequivocally dovish. It played down inflation risks, while emphasizing labor market uncertainty. Cuts priced through 2026 went from 124 to 136 bps and USD fell. But USD will now resume its climb, like after payrolls and CPI.
https://robinjbrooks.substack.com/p/jackson-hole-and-the-dollar
2025-08-23T11:20:44.406Z