Fed's Barr: Fed in good position to hold steady and watch economy
Source Fxstreet
Federal Reserve Vice Chair for Supervision Michael Barr said on Monday that the Fed is in a good position to hold the policy steady and watch the economy, per Reuters.
Key takeaways
"Q1 inflation was disappointing, did not provide the confidence needed to ease monetary policy."
"Fed will need to allow tight policy further time to continue to do its work."
"Vigilant to the risks to both inflation and employment mandates."
"Current approach is prudent to manage both sets of risks."
Market reaction
The US Dollar Index edged slightly higher and was last seen gaining 0.1% on the day at 104.60.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of March 30, the US Dollar against the Japanese Yen ( USDJPY) continues to fluctuate at high levels near the 160 mark, with the Yen having fallen to a nearly one-year low. Expectations
Gold Price Forecast: XAU/USD opens lower around $4,450 on fears of widening Iran conflictsGold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Gold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Seesaw Effect Continues. US Pre-Market Three Major Index Futures Weaken, Oil Prices Rise, Bitcoin Drops Below 68,000 MarkAgainst a backdrop of intertwined geopolitical risks and macroeconomic uncertainty, global market sentiment has repeatedly diverged. In Friday pre-market trading ET, the three major U.S.
Against a backdrop of intertwined geopolitical risks and macroeconomic uncertainty, global market sentiment has repeatedly diverged. In Friday pre-market trading ET, the three major U.S.
AUD/USD extends its losing streak for the fourth consecutive day, trading around 0.6880 during the Asian hours on Friday.
US-Iran tensions persist; $4,400 becomes the gold ( XAUUSD) bulls' make-or-break level.During the European session on March 26, as of press time, spot gold retreated 1.5% to $4,436.42 per
