No guidance from Jackson Hole?
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Rabobank | Bearish | 1.1000 |
ING | Bullish | 1.1300 |
MUFG | Neutral | 1.1200 |
All 31 desk targets for EUR/USD
From the original
The main event for markets today will come from Jackson Hole later, with all eyes on Fed chair Warsh's keynote speech. He will be put under the microscope in needing to provide more clarity on how the Fed would look to deal with inflation pressures, that especially if things cont
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4 itemsRecap: Fed officials flag inflation risks in run-up to Warsh's Jackson Hole debut
Jackson Hole preview: Fed Chair Warsh likely to skip September and December rate signals
The desk anticipates that Fed Chair Warsh's upcoming speech at Jackson Hole will prioritize longer-term strategic visions over immediate monetary policy guidance. Per the full note from InvestingLive, this suggests traders may not receive the explicit rate signals they hoped for regarding September or December. Current market dynamics, which remain sensitive to incoming economic data rather than central bank rhetoric, reinforce this view. Despite some expectations for directional repricing, the absence of near-term guidance as outlined by Morgan Stanley implies that the focus will shift to Warsh's broader economic philosophy and policies.
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