LBBW: Market Focuses on Fed’s New Chair Walsh’s First Press Conference, Communication Strategy Expected to Be More Restrained
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- LBBW analysts stated that investors will pay particular attention to the first press conference of the new Federal Reserve Chair, Kevin Walsh, on Wednesday.
- As the new chair makes his debut, his communication style will become the focal point for the market, and it is expected that he will adopt a more restrained communication strategy.
- The market generally expects the Federal Reserve to keep interest rates unchanged at 3.50%-3.75%.
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