Federal Reserve Governor Michael Barr warned Thursday that efforts to shrink the Fed’s balance sheet by easing bank liquidity requirements would be misguided and could ultimately weaken financial stability. Speaking in New York, Barr pushed back against growing debate over reducing the central bank’s “footprint” in financial markets. “I think shrinking the balance sheet is […]
The post Fed’s Barr Says Shrinking Balance Sheet Should Not Trump Financial Stability appeared first on ActionForex.
After completing the correction at $4098.74 on the March 23 low, Gold (XAUUSD) initiated a rally in a clear impulsive structure. From that level, wave (1) advanced and concluded at $4890.97. The subsequent pullback in Read more…
Key Takeaways Brent crude oil surged above $106/bbl as the prolonged Iran conflict and continued Strait of Hormuz disruption reinforced fears of persistent global energy supply shortages and inflation pressures. The Federal Reserve maintained its Read more…
USD/JPY is once again approaching territory that could force Japanese authorities into difficult decisions. The pair surged through 158 on Friday as broad Dollar strength combined with another sharp rise in US Treasury yields. The Read more…