ING Bank: The Fed may signal a rate cut at the Jackson Hole Symposium later this month

ING Bank said that although a recession is unlikely, the dollar faces further declines as the Federal Reserve may cut interest rates due to weak upcoming U.S. economic data, which will reduce safe-haven inflows. Analyst Chris Turner said in a report that compared with a recession and the Fed not reacting, weak U.S. data and the Fed's reaction will lead to a steeper yield curve, while risk appetite rises and the dollar weakens. The Fed may signal a rate cut at the Jackson Hole Symposium on August 22-24. In the coming weeks, the U.S. dollar index DXY may test 102. (Jinshi)