Loretta Mester, president of the Federal Reserve Bank of Cleveland, He made statements recently and said that they are starting to see the type of actions that they need to see.
His remarks to the Associated Press follow a series of economic data released today, specifically the Producer Price Index and Retail Sales, which showed disinflationary trends in the data and reinforced expectations that the Fed will continue to reduce its pace of tightening. in the next meetings.
“Okay, signs that things are going in the right direction… It’s an important input in thinking about where monetary policy should go.”
dollar a day
Volatility has gripped the currency market and the dollar has been rocked by the Bank of Japan deliberations and subsequent announcements, combined with weak US data.
We are seeing the bulls move towards the dollar as follows:
The hourly W formation is a reversal pattern and resistance could be a tough nut to crack for the rest of the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
