If there was a positive shock to the US economy, an interest rate hike could be called for, argued Minneapolis Fed President Neel Kashkari on Wednesday. “If I were to guess, the Fed will sit here for the next 3-6 months, and next move would be a cut,” Kashkari further noted and added that he is sceptical on the role of monetary policy as it relates to climate change. USD reaction The US Dollar Index, which tracks the greenback’s value against a basket of six major currencies, ignored these comments and was last seen adding 0.22% on the day at 99.66. 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 Ethereum Price Analysis: ETH/USD set for a big retest of last week’s highs FX Street 2 years If there was a positive shock to the US economy, an interest rate hike could be called for, argued Minneapolis Fed President Neel Kashkari on Wednesday. "If I were to guess, the Fed will sit here for the next 3-6 months, and next move would be a cut," Kashkari further noted and added that he is sceptical on the role of monetary policy as it relates to climate change. USD reaction The US Dollar Index, which tracks the greenback's value against a basket of six major currencies, ignored these comments and was last seen adding 0.22% on the day at 99.66. 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.
