While speaking at a conference in Washington on Friday, Robert Kaplan, president of the Federal Reserve Bank of Dallas, noted that he was convinced that the Federal Reserve needed to act in July and September but said his outlook was now “more balanced.” “I’m agnostic as of now about whether the Fed should act in October or take more time. I will make a judgment at the FOMC meeting,” Kaplan said. “The base case is one more rate cut between now and the end of 2020.” The US Dollar Index struggled to gain traction despite Kaplan’s hawkish comments. As of writing, the index was down 0.12% on the day at 97.45. Below are some additional quotes, per Reuters. “Given the Fed and treasury bond moves this year, it may be wise to take a little time in examining data before deciding on next move.” “The Fed is actively debating a standing repo facility.” “Watching carefully issues on global dollar liquidity. It’s something the Fed should be cognizant of as it discusses reserve and repo market programs.” 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 Fed’s Kashkari: Risks to the downside have increased over last six months FX Street 3 years While speaking at a conference in Washington on Friday, Robert Kaplan, president of the Federal Reserve Bank of Dallas, noted that he was convinced that the Federal Reserve needed to act in July and September but said his outlook was now "more balanced." "I'm agnostic as of now about whether the Fed should act in October or take more time. I will make a judgment at the FOMC meeting," Kaplan said. "The base case is one more rate cut between now and the end of 2020." The US Dollar Index struggled to gain traction despite Kaplan's hawkish comments. As of… 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.
