The economic recovery in the US depends on vaccines remaining effective against the new variants of the virus, Boston Federal Reserve President Eric Rosengren said on Monday but noted that they should experience a significant rebound, per Reuters. Additional takeaways “The current highly accommodative stance of monetary policy is appropriate.” “Labor-market slack is still significant and inflation is still below the Federal Reserve’s 2% target.” “Expecting unemployment rate to fall back to pre-pandemic levels over the next couple of years.” “Domestic travel is likely to pick up as people become vaccinated.” Market reaction The US Dollar Index showed no immediate reaction to these remarks and was last seen losing 0.1% on the day at 92.08. 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 Gold Price Analysis: XAU/USD is testing a critical daily support FX Street 2 years The economic recovery in the US depends on vaccines remaining effective against the new variants of the virus, Boston Federal Reserve President Eric Rosengren said on Monday but noted that they should experience a significant rebound, per Reuters. Additional takeaways "The current highly accommodative stance of monetary policy is appropriate." "Labor-market slack is still significant and inflation is still below the Federal Reserve's 2% target." "Expecting unemployment rate to fall back to pre-pandemic levels over the next couple of years." "Domestic travel is likely to pick up as people become vaccinated." Market reaction The US Dollar Index showed no immediate… 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.
