#employment-reports

#employment-reports

The dollar held steady on Tuesday as investors positioned ahead of the Federal Reserve's policy announcement and Chair Jerome Powell's highly anticipated remarks on Wednesday. Markets assign nearly a 90% probability to a rate cut this week, while expectations for 2026 point to two additional reductions. Any signal from Powell that the Committee is leaning toward a more dovish policy path could weigh on both the dollar and long-term yields.

The next few weeks will give Wall Street a clear reading on whether this latest stock market rally will continue - or if it's doomed to get derailed. Jobs reports, a key inflation reading and the Federal Reserve's interest rate decision all hit over the next 14 trading sessions, setting the tone for investors as they return from summer vacations.