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FOMC confirm positive moods – USD no react

– Price growth supports the prospects for 2% inflation in the long term.

– The country business remains deeply worried about the risk of the war and, in particular, likely delays in the supply of goods or raw materials from China.

– The Fed is likely to proceed to a cardinal change in its monetary policy only when the central bank’s balance sheets drop significantly.

– Inflation over 2% can help to keep inflation expectations high.

– In this line of thought, a number of Fed members are of the opinion that retaining interest rates may help raise inflation.

USD reacted with a slight increase against the major currencies, but in the minutes following the FOMC report it returned almost all profits. Investors expect new job data tomorrow.


EUR/USD – it’s to early for bull celebration


USD could be hostage of previous US strong data releases


 


 Trader Petar Milanov


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