Still strong US dollar and 10-year treasuries yield doesn't stop rally on gold futures. President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, commented today on the US economy and inflation. Today macro data from the US were mostly weak, but US jobless claims came in lower than expected, with surprisingly lower continued claims number.
Fed Kashkari
- I am optimistic that fundamentals of the economy are very strong.
- There is some evidence of some softening around the edges of the economy.
- We are getting disinflation despite remarkable economic growth.
- The interest rate outlook depends on the path of the economy.
- Wage growth might still be a bit too high to get back to 2% right now.
- It will probably take a year or two to get inflation back to 2%.
- The economy keeps throwing us curveballs, which are challenging
- I don't see the value proposition of CBDC for the US
GOLD vs USDIDX
Source: xStation5
Start investing today or test a free demo
Open real account TRY DEMO Download mobile app Download mobile appSILVER (interval M30)
Silver gains 2.8% today and is now on the highest levels since 14-day, climbing above $30 zone.
Source: xStation5
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.