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Weekly Market Recap (07-11 August)
Monday:Fed’s Bowman (hawk – voter) delivered hawkish comments over the weekend as she leans towards more rate hikes:We should remain willing to raise rates at a future meeting if data show inflation progress has stalled.In considering further rate hikes and how long to keep rates restrictive, consistent drops in inflation will be looked for.Additional U.S. interest-rate increases will be needed.Monetary policy is not on a preset course.Slowing consumer spending...
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Posted: Aug 11 2023, 14:23
Author Name: forexlive
Views: 022258