Fed's Bullard: Growth will continue into the first quarter
|St. Louis Federal Reserve President James Bullard speaking at a Bank conference has said that economic growth will continue into the first quarter of next year.
In prior comments made in a news release at the start of the week, Bullard said US macroeconomic news has surprised dramatically to the upside and that economic activity will likely show outsized growth in the third quarter.
Market implications
Meanwhile, the US dollar has been under pressure for a number of days in what appears to be a temporary correction.
Positive data and economic traction could help to lift the greenback vs a backdrop in Europe where hopes of economic recovery have faded since the revival of the coronavirus spread.
DXY on the verge of completing Wave-4 of 5-wave forecast
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