Fed’s Kaplan: Sees potential for a Fed rate cut at the Sept FOMC meeting

The Wall Street Journal reports the newest comments from the Dallas Fed (Fed) President Kaplan, as he says that he sees a possible for a Fed rate cut at the Sept FOMC meeting.

Further Comments:

Supported the central bank's move to chop its benchmark rate by a quarter-point last month.

Open to another reduction within the months ahead.

Trade uncertainty cuts the prospect folks and world growth.

The U.S. greenback index paid no heed to Kaplan’s comments and survived to the recovery gains close to ninety eight.30, up +0.11% so far. Focus remains on Fed Chair Powell’s speech later nowadays at the Jackson Hole conference.