“Doing more bond-buying prematurely wouldn’t be as effective,” argued Chicago Federal Reserve Bank President Charles Evans on Wednesday and added that it may be better to wait until unemployment rate gest closer to 6%, as reported by Reuters. Additional takeaways “Fed may consider adjusting pace, maturity of bond-buying once there’s more clarity on the economy.” “Concerned fiscal support will be less than the $500 billion to $1 trillion.” “It looks like the economy is powering through adverse virus outcomes.” “Fed has not induced excess risk-taking beyond what was seen pre-crisis, asset prices reflect optimism.” “Lack of fiscal support would be a headwind to recovery.” “Not expecting any rate hikes through 2023, expecting inflation to reach 2% by then and to overshoot later.” Market reaction US Dollar Index largely ignored these comments and was last seen gaining 0.26% on the day at 94.22. 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 GBP/USD Price Analysis: Cable moves above flat after finding support at 1.27 FX Street 1 year "Doing more bond-buying prematurely wouldn't be as effective," argued Chicago Federal Reserve Bank President Charles Evans on Wednesday and added that it may be better to wait until unemployment rate gest closer to 6%, as reported by Reuters. Additional takeaways "Fed may consider adjusting pace, maturity of bond-buying once there's more clarity on the economy." "Concerned fiscal support will be less than the $500 billion to $1 trillion." "It looks like the economy is powering through adverse virus outcomes." "Fed has not induced excess risk-taking beyond what was seen pre-crisis, asset prices reflect optimism." "Lack of fiscal support would be… 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.
