Kansas City Federal Reserve President Jeff Schmid cautioned in a speech today there were “sharp upward movement” in some measures of expected inflation in the past two months. While acknowledging the imperfections and volatility of survey-based inflation expectations, Schmid emphasized that now is “not the time to let down our guard,” given inflation’s recent history […]
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The Euro holds in extended consolidation under new 5-month high, following strong rally in past two weeks. Technical picture remains bullish on daily chart, though overbought RSI and fading bullish momentum, keep in play risk Read more…
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