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
Today’s Market Recap: Three Major US Indexes Plunge, Philadelphia Semiconductor Index Tumbles Over 7%, Oil Falls, Gold and Silver AdvanceWith the U.S. midterm elections approaching, the three major U.S. stock indices and the Philadelphia Semiconductor Index collectively suffered sharp falls last Frida
With the U.S. midterm elections approaching, the three major U.S. stock indices and the Philadelphia Semiconductor Index collectively suffered sharp falls last Frida
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 2, 2026. Read on for the details.
Binance replaced 95% of a $6.3bn hole — Bitcoin is trading the plumbing, not the coinBinance resumed withdrawals on November 1 after a record $6.3bn theft. In the first 9.5 hours, users withdrew $4.64bn and deposited $1.01bn, a net outflow of $3.64bn, or 2.1% of assets. Bitcoin fell to 76,173 and is now 78,473. The market is pricing the exchange, not the supply.
Binance resumed withdrawals on November 1 after a record $6.3bn theft. In the first 9.5 hours, users withdrew $4.64bn and deposited $1.01bn, a net outflow of $3.64bn, or 2.1% of assets. Bitcoin fell to 76,173 and is now 78,473. The market is pricing the exchange, not the supply.
Brent slips to $111 as a two-day Hormuz plan lands — the supply-risk premium is the only thing being soldBrent fell 1.95% to $111.20 and WTI to $101.92 after Iran's foreign minister said a Qatar-brokered plan could reopen the Strait of Hormuz in two days. Two tankers were still reported hit by mines. The move is a premium unwind, not a supply change.
Brent fell 1.95% to $111.20 and WTI to $101.92 after Iran's foreign minister said a Qatar-brokered plan could reopen the Strait of Hormuz in two days. Two tankers were still reported hit by mines. The move is a premium unwind, not a supply change.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 3, 2026. Read on for the details.
