GBPUSD: Fed Chairman KC Schmid: Current US monetary policy is ap
Updated
Comments on Friday from Fed Chairman KC:
Encouraging patience with interest rates until inflation declines markedly to 2%
Economic growth is creating uncertainty about monetary policy
Inflation remains high
The employment sector remains strong
Wage increases indicate an imbalance in the labor market
Want to see the Fed balance sheet shrink
Encouraging patience with interest rates until inflation declines markedly to 2%
Economic growth is creating uncertainty about monetary policy
Inflation remains high
The employment sector remains strong
Wage increases indicate an imbalance in the labor market
Want to see the Fed balance sheet shrink
Note
GBPUSD BUY 1.2460-1.2440TP1: 1.2490
TP2: 1.2520
SL: 1.2400
Note
GBP/USD is sliding to 1.2422 following UK labor dataAfter the data on the UK labor market was released, GBP/USD jumped above 1.2446 and then dropped to 1.2422.
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