As markets await Powell’s Jackson Hole speech, the dollar surged on soft U.S. labor data and fading rate-cut bets—pressuring gold, major currencies, and lifting oil. The Lebanese pound’s NEER edged up, tracking the stronger dollar. With inflation still in focus, Powell may lean into ambiguity to preserve policy flexibility till more data is available. Investors are recalibrating their portfolios, and the ripple effects are already moving FX and commodities.
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All Eyes on Jackson Hole – Powell’s Speech Could Redefine Fed Trajectory