The recent data suggest that the US economy is recovering at a rapid pace, Federal Reserve Governor Michelle Bowman said on Wednesday but further noted that unemployment is still quite high, as reported by Reuters. Additional takeaways “Continued monetary and targeted fiscal policy support will likely be needed.” “Path to recovery will be bumpy, uneven.” “Asset prices vulnerable to significant price declines should pandemic seriously worsen.” “Fed is watching the commercial real estate market closely for signs of further stress.” “The pace of recovery will vary by area, heavily influenced by virus and policy decisions.” “PPP loans will continue to push up bank earnings in next several quarters, net margins to remain under pressure.” “PPP lending has driven asset growth at small banks so as to exceed certain reporting, regulatory thresholds.” “Fed exploring supervisory, regulatory challenges caused by temporary asset growth from PPP lending.” “Smaller banks may benefit from further regulatory relief.” Market reaction The US Dollar Index largely ignored these comments and was last seen losing 0.05% on the day at 93.83. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cryptocurrencies Price Prediction: Bitcoin, Ripple & OMG Network – American Wrap 30 September FX Street 2 years The recent data suggest that the US economy is recovering at a rapid pace, Federal Reserve Governor Michelle Bowman said on Wednesday but further noted that unemployment is still quite high, as reported by Reuters. Additional takeaways "Continued monetary and targeted fiscal policy support will likely be needed." "Path to recovery will be bumpy, uneven." "Asset prices vulnerable to significant price declines should pandemic seriously worsen." "Fed is watching the commercial real estate market closely for signs of further stress." "The pace of recovery will vary by area, heavily influenced by virus and policy decisions." "PPP loans will continue to push… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
