Market commentary by Chief Economist Gerhard Winzer, Erste Asset Management GmbH Federal Reserve Chair Jerome Powell paved the way for a potential rate cut in September. Financial markets reacted immediately: stocks, bonds, and gold prices rose, while the U.S. dollar weakened against the euro. Normally, this wouldn’t be headline news—but the significant political pressure from the U.S. administration on the Fed has shifted attention to how Powell would respond. How does it sound when the world’

Tag-uri: Erste Bank