US: Fed Says Wait Until 2024

Instead, the Fed spelling out that it aims to achieve inflation moderately above 2% favors asset classes like equities and commodities. Notable over the last two weeks has been the breakdown in key $/Asia pairs, such as $/CNY and $/KRW. The Fed’s reflationary policies supports an extension of these pro-growth FX trends. EUR/USD should also stay bid in a broad 1.17-1.20 range over coming weeks and months. The biggest challenge to the EUR/USD rally is probably positioning and US elections – not the Fed.

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Moon Kil Woong 1 month ago Contributor's comment

Yay so basically they now need to do nothing and all the good news for the next President is pushed up to help the current president. The Fed gets more political and more permissive to help the present at the cost of the future constantly. What happened to a Fed that tries smoothing out the market cycles and preparing for the worst? What happened to constraint and not playing politics? What happened to the Federal Reserve realizing they don't know the future?

Old Time Investor 1 month ago Member's comment

Yes, very troubling.