Explaining why he voted against a rate cut at the Federal Open Market Committee meeting earlier this week, Eric Rosengren, President of the Federal Reserve Bank of Boston, said he does not see a clear and compelling case for additional monetary accommodation at this time, citing low unemployment and the view that inflation likely to rise toward 2% for dissent on rate cut. Below are some key takeaways from the article, per Reuters. “Market volatility, cost of credit, credit spreads not elevated.” “Stock prices near all-time highs as among reasons for no need for easing Fed policy.” The US Dollar Index continues to recover from daily lows and was last down 0.08% on the day at 98.33. 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 US: NFP data confirms slowing of growth – Nordea FX Street 4 years Explaining why he voted against a rate cut at the Federal Open Market Committee meeting earlier this week, Eric Rosengren, President of the Federal Reserve Bank of Boston, said he does not see a clear and compelling case for additional monetary accommodation at this time, citing low unemployment and the view that inflation likely to rise toward 2% for dissent on rate cut. Below are some key takeaways from the article, per Reuters. "Market volatility, cost of credit, credit spreads not elevated." "Stock prices near all-time highs as among reasons for no need for easing Fed policy." The US Dollar… 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.
