West Pacific Bank: Powell may be laying the groundwork for a dovish adjustment to the dot plot in September

News on August 20, West Pacific Bank stated that Federal Reserve Chairman Powell may send a clear signal of the Fed's interest rate cut cycle at the Jackson Hole seminar later this week. This could lead to dovish adjustments by the FOMC in September's interest rate meeting regarding PCE, unemployment rates and dot plots, which might cause the dollar index to fall in the coming weeks.