Bank of America: The market is pricing in four rate cuts this year, and I don't think Powell will go against market pricing

Odaily News Fed Chairman Powell is scheduled to speak on the economic outlook at 10:00 p.m. Beijing time next Friday. Bank of America predicts that Powell's speech at the Jackson Hole conference is unlikely to have much impact on the dollar. The bank's analysts pointed out that funds are still optimistic about the strengthening of the dollar, which may bring downside risks. Bank of America said that the market has priced in four rate cuts this year. "We don't think Powell will go against market pricing. He will retain the option of aggressive easing, depending on the data before the September meeting." (Jinshi)