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Weekly XAUUSD Analysis: Amid High Trader Sentiment for a Fed Rate Cut
Last week, we witnessed several high-impact news events. Notably, Fed Chair Jerome Powell testified, and the US CPI data was released, which showed a cooling trend beyond expectations. Additionally, the PPI data was also released. Powell mentioned that there is no specific inflation number in mind for rate cuts but expressed "some confidence" that inflation is heading lower. He also emphasized the need to be mindful of the labor market, which has shown considerable softening. A weaker labor market could impact the economy, potentially necessitating an earlier rate cut. Rate Cut Expectations and Market Sentiment! ... (full story)