Fed’s Jefferson: Skipping a rate hike at next meeting would allow time to see more data
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Federal Reserve Governor Philip Jefferson said in speech on Wednesday that pausing rate hikes at the next FOMC meeting would offer time to analyze more data before making a decision about the extent of additional tightening. He added that a pause, does not mean that rates peaked.
Key takeaways from the speech:
The US Dollar is up across the board but is moving off daily highs, as market sentiment recovers. Comments from Fed’s Jefferson and Harker sounded dovish. US yields are at fresh lows and DXY is at 104.35, retreating from monthly highs.
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