Wolfteam Ltd. forecasts that the USD will depreciate to 1.12 towards the EUR or may be even 1.14 until the Federal Reserve's Jackson Hole symposium meeting ends, which usually takes place in the last week of August. Annually.
The Federal Reserve is forecasting two Federal Funds Rate hikes until end 2023, which given the current elevated > 5.00 % Federal Funds Rate level, at least nominally, is not a big increase.
Sooner or later, the constant Federal Funds Rate hikes will cause a banking, financial and economic crash or slowdown, which is the ultimate Federal Reserve goal to temper the price level.
Because, currently the growth rate of the inflation rate is tempered. The price level, however, of food, groceries, gas, heating, water supply, electricity furniture, real estate, clothes, basically almost everything are too high, almost unbearable for the average global citizen.
So a readjustment process has to take hold.
Due to the summer lull, also the USD could depreciate towards the EUR to 1.14 EUR/USD exchange rate.
www.wolfteamedge.com
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