Dollar Won’t Weaken Until Fed Signals Interest Rate Cuts, Schwab Strategist Says
- Charles Schwab’s Jones sees the dollar holding steady for now
- Markets wait for Powell to shed light on likely path for rates
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The US dollar will likely hold around current levels until the Federal Reserve starts signaling that it’s shifting from raising rates to cutting them, according to Charles Schwab strategist Kathy Jones.
“At the moment it’s hard to call a turning point for the dollar until the Fed really signals a turning point,” said Jones, the firm’s chief fixed-income strategist.