“The overwhelming majority of business have adjusted to coronavirus,” St. Louis Federal Reserve President James Bullard said on Friday and added that he is confident that 100% of the gross domestic product can be produced safely. Bullard further noted that he expects the unemployment rate to fall to 6.5% by the end of the year. Commenting on the inflation outlook, loose policy, government deficits and supply bottlenecks around coronavirus could set the stage for inflation to move higher, Bullard said. Market reaction The S&P 500 Index recovered modestly and was last seen losing 0.05% on the day at 3,355. Meanwhile, the US Dollar Index failed to break above 93.00 in the early American session and turned flat near 92.90. 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 NZD/USD regains traction after correction, climbs above 0.6780 FX Street 1 year "The overwhelming majority of business have adjusted to coronavirus," St. Louis Federal Reserve President James Bullard said on Friday and added that he is confident that 100% of the gross domestic product can be produced safely. Bullard further noted that he expects the unemployment rate to fall to 6.5% by the end of the year. Commenting on the inflation outlook, loose policy, government deficits and supply bottlenecks around coronavirus could set the stage for inflation to move higher, Bullard said. Market reaction The S&P 500 Index recovered modestly and was last seen losing 0.05% on the day at 3,355. Meanwhile, the… Top 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.
