The Fed's flexible target | 02 12月 2021

02 12月 2021, GBP/USD

The Fed's flexible target

GBPUSD trading plan:

The Fed began reducing its purchases of Treasuries and mortgage-backed securities, introduced to help nurse the economy through the COVID-19 pandemic, middle this month and was set to taper the $120 billion monthly program completely by next June. Fed policymakers will weigh a faster timeline at their next meeting on Dec. 14-15 as the central bank seeks to curb its monetary stimulus and lay the stage for a possible earlier liftoff in interest rates next year. Inflation continues to run at more than twice the Fed's flexible target of 2% annually, and Powell acknowledged in his Senate testimony that it is not expected to ease until the second half of next year.

Investment idea: sell 1.3351 and take profit 1.3265.

David Johnson
Analyst of «FreshForex» company
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