Hi all traders!
The FED's speech this evening is going to be very simple. They will maintain rates and announce that they are monitoring inflation, and that if it starts to rise again they will not hesitate to tighten rates. They will, however, welcome the stabilization of inflation and the good performance of the American economy even if certain signs suggest that the best is over.
The reactions on forex and in particular on gold will be very uncertain, probably initially going up, then it will go down and then go up again.
The FED's speech this evening is going to be very simple. They will maintain rates and announce that they are monitoring inflation, and that if it starts to rise again they will not hesitate to tighten rates. They will, however, welcome the stabilization of inflation and the good performance of the American economy even if certain signs suggest that the best is over.
The reactions on forex and in particular on gold will be very uncertain, probably initially going up, then it will go down and then go up again.
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