Markets Brace for Powell’s Speech: Gold and Silver Slip, Oil Rallies, Currencies Hold Steady

JPow might give a preview of the pivotal Sept FOMC. I think he will shade hawkish, but he could go the other way, too. So, we should see some volatile moves in the market early, as he speaks just 30 min after the cash open.

The Fed is in a tough spot, with employment obviously weakening and the Trump tariffs still not fully having their predictable inflationary impact, they don't have a clear reason to cut. Except, lol, they probably would have been cutting earlier anyway if the employment data were not so fuzzy, subject to revision.

Markets are expecting a 25bps cut in Sept, if they don't deliver that, there will be fireworks. Team Trump continues to attack the Fed and I wouldn't put anything past them. JPow is clearly an institutionalist and may try to stand up to that by being hawkish. We'll see, maybe today.

More of what Trump will say today than Powell.

The butthole symposium all day. A clown show.

"Too late"...Must be fired...

It’ll turn out to be a non event probably .

Powell chooses his words carefully , unlike someone else we know .

Popcorn will be ready

Trump way the best way
Like it or not

If Mr. Powell were to resign, markets would likely interpret it as a loss of the Federal Reserve's independence. Trump seems to lack a fundamental grasp of monetary economics and appears to have a limited understanding of economic principles in general. His goal appears to be diminishing the Fed's autonomy by attempting to install his own nominees on the Board, particularly in the Chair role. The independence of the Federal Reserve is a critical component of the U.S. financial system and is highly esteemed by economists and financial experts globally. Should this autonomy be threatened for any reason, it could result in a decline in global financial markets' trust in the U.S. financial system, leading to a reduction in their investments in U.S. financial assets like Treasuries. Once confidence in the Fed's independence is eroded, regaining it would be exceedingly challenging and could have serious implications for the direction of U.S. financial and economic policies.

Truth is the harsh severe word to destroy or heal. I think healing is the word what we are going get at these point of our economy. Harsh word for incompetent FedRes Chair and healing for our country's economy.

I'm ready!

Russian must nuke us and make yellow metal fly out of chart

I saw a "market news bulletin" from cnbc with The Disney Company plainly advertised in the background. Fantasy land.

Powell will make the club feel the recession

Humiliated and bullied by Trump, "Too Late" Powell will announce his resignation.

Nice brother

Loved that: "Too late," must be fire.

The bullish movement for the EURUSD and all pairs alike resumes