Summary Fed Chair Jerome Powell reiterated the FOMC’s commitment to bring inflation down to 2% during his speech in Jackson Hole, WY today. He stated that “two percent is and will remain our inflation target.” In order to bring inflation back to target, Powell said that a period of below-trend economic growth will be required. […]
The post Powell at Jackson Hole: Fed Committed to 2% Inflation But Agility Required appeared first on Action Forex.
Daily Pivots: (S1) 0.8877; (P) 0.8918; (R1) 0.8983; More… Intraday bias in USD/CHF is turned neutral first with current dip and some consolidations could be seen first. But outlook will will stay bullish as long Read more…
Dollar traded broadly lower in Asian session as markets reacted to President-elect Donald Trump’s appointment of Scott Bessent, a seasoned fund manager, as Treasury Secretary. Bessent’s stance aligns with Trump’s policies on tariffs, though his Read more…
New Zealand’s goods exports increased by 7.5% yoy in October, reaching NZD 5.8B, while total goods imports rose by 3.0% yoy to NZD 7.3B. This resulted in a trade deficit of NZD -1.54B, which, although Read more…