Federal Reserve Governor Lisa Cook said policymakers cannot afford to be complacent after more than five years of above-target inflation, warning that patience has limits if price pressures fail to ease. Speaking on Wednesday, Cook reiterated that “inflation is too high” despite some improvement in June, stressing that she would “not put too much weight […]
The post Cook Says Fed Can’t Afford to Wait Forever on Inflation appeared first on ActionForex.
Copper futures (HG #F) continue to trade within a bullish Elliott Wave structure, with price maintaining an incomplete three-swing sequence from the 6.2820 low. The current rally remains constructive, suggesting buyers are still in control. Read more…
Key Highlights Gold started a fresh increase above the $4,200 region. It surpassed a major contracting triangle with resistance at $4,090 on the 4-hour chart. WTI Crude Oil started a fresh decline and traded below Read more…
San Francisco Fed President Mary Daly said there are growing reasons to believe inflation will moderate without additional monetary tightening, arguing that businesses are finding it increasingly difficult to pass higher costs on to consumers. Read more…