Fed’s Goolsbee: There’s still some potential for a soft landing

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

“Fear with rising unemployment is that once joblessness starts to rise it ‘goes way up’,” said Federal Reserve Bank of Chicago President Austan Goolsbee while participating in a conference hosted by the Federal Reserve Bank of Atlanta, together with Atlanta Fed President Raphael Bostic.

Also read: Fed’s Bostic: Pressure on Fed will be “enormous” if unemployment starts to rise, inflation remains sticky

Even if Fed’s Goolsbee fails to amplify hawkish comments from Atlanta Fed President Bostic, the tone of the statements appears positive for the US Dollar. However, the US Dollar Index (DXY) remains unimpressive as bulls take a breather around 102.70 after reversing the week-start gains.

Also read: Forex Today: Higher US yields, risk aversion lead to a stronger US Dollar

[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group