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

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance