The fight 40-year high inflation | 20 6月 2022

20 6月 2022, EUR/USD

The fight 40-year high inflation

EURUSD trading plan:

Fed Chair Jerome Powell will testify in Congress next week, updating lawmakers on the Fed's plans to fight 40-year high inflation while also pursuing maximum employment, its two sometimes conflicting jobs. The central bank raised the range for its policy rate by 75 basis points to 1.50%-1.75% and published forecasts showing most policymakers support lifting borrowing costs further this year to perhaps 3.4%, and higher in 2023. "The Fed and the ECB have considerable credibility, suggesting that a soft landing is feasible in the U.S. and the euro area if the post-pandemic regime shift is executed well," Bullard said. Powell earlier last week noted that one difficulty facing the Fed is that many of the factors driving inflation, and that will determine the strength of the labor market going forward, are beyond the central bank's control.

Investment idea: sell 1.0535 and take profit 1.0445.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus