Federal Reserve’s Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, has crossed the wires with various comments, arguing that the fed may need to be more aggressive. In the face of a steadfastly hawkish Fed, the US dollar would be expected to remain firm so long as …
Read More »Market Drivers – US Session – Friday 13 May
On Friday, financial markets witnessed some kind of improvement in risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Economic Data Risk sentiment is the key market mover on Friday. Economic data from the US showed a larger-than-expected …
Read More »EUR/USD surges above 1.0400 from multi-year lows as equities soar
The EUR/USD pair has rebounded from the lowest intraday level since 2017 and reversed direction upwards above 1.0400 late on Friday amid a prevalent improvement or risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Recovery in equity …
Read More »Fed’s Kashkari: Fed already near neutral
In a blog post on Medium, Minneapolis Fed President and traditionally dovish FOMC member Neel Kashkari argued that, given that long-term real rates have the greatest influence on the demand for credit, financial conditions are already nearly back to neutral levels. But Kashkari argued that the Fed still needs to …
Read More »Kashkari: Fed Will Do What Is Needed To Bring Back Balance
Minneapolis Federal Reserve President and FOMC member Neel Kashkari said on Wednesday that the Fed is going to do what is needed to bring the economy back into balance. Some of the inflation should fade on its own as stimulus fades and people switch to buying services, he added. Kashkari …
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