Fed’s George: Encouraging to see inflation coming down
Fed’s George is not a voting member and is set to retire shortly. Last night NY Fed Pres. Williams said: Inflation is still to high The Fed still has more work to do to bring inflation down to their goal of 2% Job growth remains strong He expects growth to be moderate in 2023 He […]
Fed’s Barkin:”My hope is we have seen peak inflation behind us”
Tom Barkin, the president and CEO of the Federal Reserve Bank of Richmond, is crossing the wires. Key comments My hope is that we have passed the peak of inflation. The median CPI is still too high for what I want to see. Cannot declare victory over inflation too soon. Doesn’t favour backing off too soon, […]
USDCAD Breaks Lower as Rate Forecasts Shift Out of Fed’s Favor
USDCAD, Crude Oil and Interest Rate Talking Points: The Market Perspective: USDCAD Bearish Below 1.3500 USDCAD’s violent reversal this past Friday amid US and Canadian employment data led to a clear break of trendlines support and the 100-day SMA With the midpoint of the August to October advance in view, follow through will need to […]
Fed’s Bostic sees a likelihood services inflation will prove stickier than Fed would want
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Fed’s Next Move & Expert Tip to Trade the Rate Hike
We have the FED decision next week which will tell us about how the central bank thinks the economy is doing. There will be lots of developments. Let’s understand how this can affect the markets. Chris Pulver is a full-time trader and Senior Currency Strategist at Market Traders Institute. Check out Chris’ brand new trading […]