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Gold declines and oil surges on hawkish Fed outlook and heightened Hormuz supply risks
FBS AnalyticsLO·US · IR · HK·2 days ago
Kevin Warsh's Jackson Hole speech indicates a reluctance to commit to future policy, favoring higher rates to counter inflation, which would strengthen the dollar and pressure emerging markets like South Africa. This signals a potential shift in Fed communication under Warsh, with implications for global capital flows and EM currencies.
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