Expect DXY to correct earlier part of the week, we require one more move up and then we will start looking for the sells.
JACKSON HOLE
As policy makers prepare for another Jackson Hole conference — the second straight one Powell will address virtually rather than traveling to Wyoming — the economic picture looks much different. Thanks in no small part to a $1.9 trillion, front-loaded budget boost from President Joe Biden that caught Fed officials flatfooted, the economy has roared ahead, with employers complaining they can’t find enough workers. And inflation has taken off, as the unleashing of pent-up demand combined with disruptions to production and shipment schedules to push up the Fed’s favorite price gauge by 4%.
PLEASE READ : www.bloomberg.com/ne...ed-policy-revolution
This could provide great insight to where the rest of the year will go
JACKSON HOLE
As policy makers prepare for another Jackson Hole conference — the second straight one Powell will address virtually rather than traveling to Wyoming — the economic picture looks much different. Thanks in no small part to a $1.9 trillion, front-loaded budget boost from President Joe Biden that caught Fed officials flatfooted, the economy has roared ahead, with employers complaining they can’t find enough workers. And inflation has taken off, as the unleashing of pent-up demand combined with disruptions to production and shipment schedules to push up the Fed’s favorite price gauge by 4%.
PLEASE READ : www.bloomberg.com/ne...ed-policy-revolution
This could provide great insight to where the rest of the year will go
