Earlier, the Fed did everything possible to beat inflation; now, it has to think about how not to drive the economy into recession. A shift in outlook is a reason to cut rates. Let’s discuss this topic and make a trading plan for the EURUSD.
Highlights and key points
EURUSD reacted incorrectly to Jerome Powell’s speech.
The Fed is focusing on the employment sector.
The labor market is cooling down.
CPI slowdown will accelerate the risks of the euro rallying to $1.09 and $1.0935.
Weekly US dollar fundamental forecast
Markets did not want to scrutinize Jerome Powell’s speech. Ahead of… Read full author’s opinion and review in blog of #LiteFinance
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