“The FOMC looked at negative interest rates very closely and the view is that it is not the right tool to be used right now,” New York Federal Reserve Bank President John Williams said on Thursday. Additional takeaways “Construction, retail and other core parts of the economy may come back quicker.” “Expecting a rebound in the economy in second half of the year, the question is how strong.” Markets seem to be functioning well and other indicators looking favorable but the Fed is on alert.” “It’s going to take a while for the economy to get back to full strength.” “The Fed’s goal is to keep interest rates low to support economy but not have them go negative.” “There is a lot of uncertainty in the economy but the biggest one is what happens with the virus.” Market reaction The US Dollar Index extended its rebound in the last minutes and was last seen gaining 0.32% on the day at 99.48. 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 GBP/USD rebound from 1.2185 halts below 1.2250 FX Street 2 years "The FOMC looked at negative interest rates very closely and the view is that it is not the right tool to be used right now," New York Federal Reserve Bank President John Williams said on Thursday. Additional takeaways "Construction, retail and other core parts of the economy may come back quicker." "Expecting a rebound in the economy in second half of the year, the question is how strong." Markets seem to be functioning well and other indicators looking favorable but the Fed is on alert." "It's going to take a while for the economy to get back to full strength." "The… 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.
