Under the Federal Reserve’s new forward guidance, there is still a possibility that rates could be raised before achieving goals, Minneapolis Federal Reserve President Neel Kashkari said on Friday. Kashkari further added that he wared a stronger commitment to zero interest rates. Additional takeaways “Wanted Fed to vow to wait on rate hikes until core inflation is at 2% for roughly a year.” “Sustained core inflation at 2% would demonstrate the economy really is at full employment.” “It’s hard to assess in real-time if the economy is at full employment, inflation set to rise.” Market reaction These comments don’t seem to be having a significant impact on the USD’s performance against its major rivals. As of writing, the US Dollar Index was virtually unchanged on the day at 92.91. 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 EU estimates 2.4 billion COVID-19 vaccines will be available globally next year – Reuters FX Street 1 year Under the Federal Reserve's new forward guidance, there is still a possibility that rates could be raised before achieving goals, Minneapolis Federal Reserve President Neel Kashkari said on Friday. Kashkari further added that he wared a stronger commitment to zero interest rates. Additional takeaways "Wanted Fed to vow to wait on rate hikes until core inflation is at 2% for roughly a year." "Sustained core inflation at 2% would demonstrate the economy really is at full employment." "It's hard to assess in real-time if the economy is at full employment, inflation set to rise." Market reaction These comments don't seem… 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.
