The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind.
Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

.

Author Topic: dollar strength After St. Louis Fed chairman supported interest rate hikes 12 ti  (Read 411 times)

Jilan Asaad

  • Guest
dollar strength After St. Louis Fed chairman supported interest rate hikes 12 times this year

The dollar strengthened against the major currencies today. After the chairman of the US Federal Reserve (Fed) St. Louis branch He encouraged the Fed to raise interest rates 12 times this year to curb inflation.

The dollar rose 0.49% to 119.17 yen, while the euro was down 0.15% to 131.30 and 0.64 percent to $1.102. The index measures the dollar's movements against the six major currencies in the basket, up 0.54% to 98.50.

Even though the dollar is stronger today But it is likely to fall this week for the first time in 6 weeks.

St. Louis Fed President James Bullard said the Fed should raise interest rates 12 times this year to show it is serious about fighting inflation. Inflation, which has hit its highest level in 40 years, is affecting people.

Mr Bullard said He wants the Fed to raise interest rates above 3% from near 0% now.

Earlier, Bullard was the only Fed official to vote for the Fed to raise interest rates by 0.50% at this week's meeting. The Fed raised interest rates by 0.25% to 0.25-0.50%, the first rate hike since December 2018.

In addition, Fed officials expect the Fed to raise interest rates six more times, 0.25% each, for the remainder of the year. This will put the short-term interest rate at 1.75-2.00% later this year.

Meanwhile, Fed officials forecast three rate hikes in 2023, but no rate hikes in 2024.



 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1826 Views
Last post November 19, 2019, 03:27:50 PM
by Tony
0 Replies
719 Views
Last post December 18, 2019, 01:26:52 AM
by benito
1 Replies
947 Views
Last post March 30, 2020, 10:32:32 AM
by Ecativos
0 Replies
558 Views
Last post October 07, 2020, 07:17:41 AM
by DavidSpade
1 Replies
436 Views
Last post November 10, 2021, 10:12:18 AM
by Samurott


-

Discussion Forum / 论坛 / منتدى للنقاش/ Diễn đàn thảo luận/

-
Disclaimer : The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind. Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning trading online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. It doesn't matter if this website contain a materials related to any trading. Investing in financial product is subject to market risk. Financial products, such as stock, forex, commodity, and cryptocurrency, are known to be very speculative and any investment or something related in them should done carefully, desirably with a good personal risk management.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any stock, forex, commodity, or cryptocurrency market movement. This website is for informative and discussion purpose in this website only. Whether newbie in trading, part-time traders, or full time traders. No one here can makes no warranties or guarantees in respect of the content, whether it is about the trading or not. Discussion content reflects the views of individual people only. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Any tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments, stock, forex currency pairs, commodity, or any products or courses. Everyone should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual trading advice based on your own particular circumstances before making an investment decision on the basis of information about trading and other matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any traders and non-traders.