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Fed’s Goolsbee: Will get critical data on credit conditions today

Mohamed Abdelhamid 8 May, 2023 9:16 pm Forex Market, Market Update

On Monday, Chicago Federal Reserve Bank President Austan Goolsbee said that the Fed’s Senior Loan Officer Opinion Survey for the first quarter will provide critical information on credit conditions.

“We should be extra-attuned to issues in bond market related to debt limit,” Goolsbee added.

Regarding the Fed’s policy outlook, Goolsbee reiterated that it was too early to say what the next policy move will be, explaining that there were a lot of uncertainties regarding the impact of credit tightening on the economy.

These comments don’t seem to be having a significant impact on the US Dollar’s performance against its rivals. As of writing, the US Dollar Index was unchanged on the day at 101.25.

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