Forexlive: Powell's Speech Tomorrow More Important Than Nonfarm Payrolls, Market Sentiment May Reverse

BlockBeats News, April 3rd, financial website Forexlive released an analysis stating that the importance of Powell's speech on Friday will outweigh the non-farm payroll data. The market has fully digested the rate cut expectations for June, but all comments from Fed officials on the tariff issue have been more hawkish. If Powell's language also turns hawkish, then beware that the market's expectation of a Fed rate cut may undergo a serious repricing. (FXStreet)