US Dollar bulls holding at key support, Fed sentiment is cuatious DollarIndex Currencies Technical Analysis Fed
US Dollar
For instance, Cleveland Federal Reserve President Loretta Mester said “I anticipate that monetary policy will need to move somewhat further into restrictive territory this year, with the fed funds rate moving above 5% and the real fed funds rate staying in positive territory for some time. Precisely how much higher the federal funds rate will need to go from here and for how long policy will need to remain restrictive will depend on economic and financial developments.
Fed´s Patrick Harker said “I think we’re close to where we need to be. We need to be a little cautious here to not just respond to the current level of inflation, but where we think it’s going,” adding that due to monetary policy lags, “So this is where I am not in the camp where just keep increasing rates and rates and rates. I think we need to slow it down.” said that he favors one more hike and noted “our policy works with the lag. We’ll have moved firmly into a restrictive space.
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