It would be inappropriate, given the pandemic and the level of uncertainty, to pin down any date for changes to the Fed’s bond purchases, St. Louis Federal Reserve President James Bullard said on Thursday, per Reuters. Additional takeaways “FOMC language on bond-buying gives Fed latitude to make a state-contingent call on next move.” “US financial markets in a good shape in terms of valuations and possible financial bubbles.” “Encouraging that inflation expectations are rebounding.” “Will assess where the economy stands once the unemployment rate falls into the 4% range.” “Loose Fed, economy poised to grow, fiscal spending, suggest stage is set for higher inflation.” “Expecting coronavirus fatalities to fall, economy to start to do very well in the second quarter.” Market reaction The US Dollar Index clings to daily gains near 89.80 following these comments. 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 EUR/USD grinding against the London breakout and 10-hour ma FX Street 2 years It would be inappropriate, given the pandemic and the level of uncertainty, to pin down any date for changes to the Fed's bond purchases, St. Louis Federal Reserve President James Bullard said on Thursday, per Reuters. Additional takeaways "FOMC language on bond-buying gives Fed latitude to make a state-contingent call on next move." "US financial markets in a good shape in terms of valuations and possible financial bubbles." "Encouraging that inflation expectations are rebounding." "Will assess where the economy stands once the unemployment rate falls into the 4% range." "Loose Fed, economy poised to grow, fiscal spending, suggest stage is set for higher inflation." "Expecting… 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.
