Friday , 20 September 2024
Home Forex Fed’s Goolsbee: Interest rates are restrictive now
Forex

Fed’s Goolsbee: Interest rates are restrictive now

  • But restrictive rates for too long is a problem
  • There are some warning signs in the jobs market
  • We are putting emphasis on jobs reports and price data
  • There has been a string of improved inflation readings in the US
  • It feels like the path back towards 2%
  • If inflation returns to normal, rates will too

The part in bold is key and also underscores the trading sentiment for broader markets. It’s all about big data these days to shift the trends. And in the case this week, the focus will be on the US jobs report coming on Friday.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

USDJPY rotating back to the downside after extension to a new high stalls

In the morning video, I spoke about the 50% midpoint of the...

Stocks bounce a little off of Waller’s initial comments

The US stocks are moving a little higher on the Fed Waller...

Fed’s Waller: We’re at a point where the economy is strong and we want to keep it that way

The economy is strong and inflation is coming downI was open to...

European equity close: The shine comes off

It was a poor finish to Friday for European stocks and that...