Economists at ING analyze US Dollar (USD) outlook after comments from Atlanta Fed's Raphael Bostic
Economists at ING analyze US Dollar (USD) outlook after comments from Atlanta Fed's Raphael Bostic
Fed hawks consider “pent-up exuberance”
The mood music coming through from the Fed remains one of there being no rush to cut rates. On Monday, Atlanta Fed President Raphael Bostic talked of there being 'pent-up exuberance' in the business sector, which could be a problem for inflation if the Fed cuts too quickly.
Bostic's comments feed into the prevailing view that the Fed is in no rush to cut rates and that this view will likely be echoed when Fed Chair Jerome Powell testifies to the House Financial Services Committee on Wednesday.
We doubt today's US ISM Services data for February will be a major market mover, although a repeat of the strong January release would be Dollar-positive. And we see DXY continuing to find support under 104.00.
The mood music coming through from the Fed remains one of there being no rush to cut rates. On Monday, Atlanta Fed President Raphael Bostic talked of there being 'pent-up exuberance' in the business sector, which could be a problem for inflation if the Fed cuts too quickly.
Bostic's comments feed into the prevailing view that the Fed is in no rush to cut rates and that this view will likely be echoed when Fed Chair Jerome Powell testifies to the House Financial Services Committee on Wednesday.
We doubt today's US ISM Services data for February will be a major market mover, although a repeat of the strong January release would be Dollar-positive. And we see DXY continuing to find support under 104.00.
已编辑 05 Mar 2024, 19:46
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论，立马抢沙发