USD Slide Slows Down After Mixed Signals over Fed’s Plans

The dollar continued trading lower against most of its major counterparts, but the slide slowed, perhaps due to mixed signals on the Fed’s policy plans. Although Fed Chair Powell reiterated that some accommodation may be appropriate, Atlanta President Bostic and Richmond President Barkin saw no clear need for the Fed to ease. The core CPI rate ticked up to +2.1% yoy from +2.0%, also tempering expectations with regards to aggressive cuts.

Powell Reiterates Need for Easing, Bostic and Barkin Disagree



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store

JFD is a leading Group of Companies offering financial and investment services and activities.