Commenting on the Federal Reserve's (Fed) policy outlook, 'I am not in a hurry to raise, not in a hurry to reduce either,' Atlanta Fed President Rapha
said. "I am willing to be patient. I don't think there is an urgency for us to do anything more," he added."Fed still has a ways to go to get inflation back to target.""As long as expectations don't spike, the Fed can afford to be patient."Once the Fed has chosen an inflation target, it has to stick with it."
"There may be reasons to reconsider the 2% target, but that will be a whole exercise that must come after reaching 2%."Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD dropped to a fresh 2023-low near 1.0450 on Tuesday before staging a modest rebound. After the data from the US showed that the number of job openings rose unexpectedly in August, the US Dollar extended its rally and caused the pair to turn south in the American session.GBP/USD fell sharply to the 1.
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