Earlier, before the start of the Wall Street session and before the release of retail sales data, Bostic spoke on interest rates. In his opinion, interest rates should be raised by 25 bps in May.
To this, Waller also presents his opinion, noting the decline in inflation, but in his opinion, the Fed's task is not over yet and further rate hikes must continue, although their amount and size will depend on the data. On the other hand, Waller points out that a significant tightening of credit conditions (perhaps the one we saw during the recent banking crisis) could reduce the need for further hikes, although this is difficult to assess with recent data.
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Open account Try demo Download mobile app Download mobile appInterestingly, despite the weak retail sales data, the dollar strengthened. Now EURUSD is trying to rebound a little:
Source: xStation5
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