I wonder too! Economy almost certainly heading to recession, the currency is booming. Hnmmm.....

How is this a joke? Pls expatiate. The WH has given stats to back up their positions, e.g., "annual inflation is now at the lowest level since March 2021, and less than half of what it was last June".

Yes I understand that rate direction depends on incoming data. My point is that pausing rate hike does not necessarily mean that the currency will weaken, especially in the medium and long term. What if analysts see rate hiking at certain point as a ...

It's not so simple that if inflation cools off and Fed pauses rate, then gold must go up. Be watchful!

The BRICS+$ is coming...

Many nations with different cultures, geographies, etc. want to have one currency. Will this work?

What's the credibility of this source for FF to make it High Impact?

I believe he meant to say the time has passed

It seems Government and BOJ are not on the same page, singing discordant tones.

At least her name has entered the roster of former UK PMs. And she earned a special badge that stands her out.

If impact color is not important, then remove all. Meanwhile, FF has changed it back to RED

Why suddenly changed from RED to Brown?

It's time to start asking if the Fed's raising of rate is enough to tame an inflation that is mainly caused by supply chain disruption.

Because the red hot focus in UK now is inflation

I think USD is close to its peak. Check the chart for the past 10-15 years.

I respectfully disagree with you: you cannot sustainably trade successfully without paying attention to the news. Go and check it: most tops and bottoms come as a result of newsbreaks that change the course of currency pairs.

I have been in the same situation during my learning stages and I ended up losing some capital. I am now wiser. To be successful in this business, you must trade both the news and price action/momentum.

"But Laffer is laughing at these Politicians in the Fed that think they are economists". Lol....

"The Fed statement is out and they’re projecting higher unemployment, slowing GDP, more aggressive near-term rate hikes and….RATE CUTS in 2024. I used to joke that the Fed would raise rates to cause a recession that they can save us from with lower ...

Nothing different from previous statements. Why emergency meeting?