Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="AceTRaderForex, post: 97139, member: 22847"] [B]Fed Rosengren stressed the central bank needs to ratchet down last Dec's economic forecasts[/B] [B]17 Feb 2016[/B] [I]02:38GMT[/I] [B]USD/MAJORS[/B] - Boston Fed President Eric Rosengren earlier who commented that the Federal Reserve should be "unhurried" as it considers when to again raise interest rates given problems overseas and financial market volatility that will likely dampen already low U.S. inflation. Going a step further than cautious comments he made last month, & stressed that the U.S. central bank would need to ratchet down economic forecasts it made in December because oil prices have continued to fall amid turbulent markets and a global economic slowdown. The Fed raised rates in December for the first time in nearly a decade, Rosengren a voter on policy this year and an influential dove at the Fed. said that a more gradual approach is an appropriate response to headwinds from abroad that slow exports and financial volatility that raises the cost of funds to many firms. The comments reinforce the view among investors that U.S. central bankers have been spooked by a world selloff in stocks and oil based on fears of a broader slowdown, despite a relatively solid economic performance in the United States. The Fed in mid-December published forecasts suggesting four more rate hikes would come this year. But Rosengren said those would likely be adjusted at the U.S. central bank's mid-March policy meeting because weak energy prices and a strong dollar would depress U.S. inflation into the spring. Persistently low prices may even indicate that Americans' inflation expectations are "becoming less well anchored," a red flag for any central bank. Even while core U.S. inflation is 1.4 percent, below the 2 percent target, a relatively new measure of expectations tumbled to its lowest ever levels last month. Rosengren further said that while it is likely that much of the fourth-quarter weakness is due to temporary factors ... if more pronounced global weakness were to materialize and be transmitted to the U.S., he personally believe there would be little need to raise rates until the economy was growing closer to its potential rate. [redacted] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…