The Federal Reserve mustn’t “fall behind the curve” as it weighs when to start raising interest rates, Dallas Fed President Richard Fisher said, citing strengthening U.S. growth and building wage-price pressures.
Fisher, a vocal advocate for tighter monetary policy to protect against inflation, also said today that two soon-to-be-released economic reports from his Fed district would “knock your socks off.”
“I don’t want to fall behind the curve here,” Fisher said in a Fox News interview. “I think we could suddenly get a patch of high growth, see some wage-price inflation, and that is when you start to worry.”
Recommended Content
Editors’ Picks
EUR/USD holds steady above 1.1100, Fed rate decision in focus
EUR/USD fluctuates in a tight range above 1.1100 on Wednesday. A broadly weak US Dollar, amid increased bets of an outsized Fed rate cut and a cautiously optimistic market mood, underpins the pair. All eyes remain on the Fed policy verdict.
GBP/USD consolidates CPI-inspired gains near 1.3200
GBP/USD stays in a consolidation phase near 1.3200 after climbing above this level with the first reaction to the UK inflation data for August. Later in the day, the Federal Reserve will announce policy decisions and publish the revised dot-plot.
Gold stays below $2,580 ahead of Fed ruling
Gold holds its ground following Tuesday's pullback but struggles to gather bullish momentum, trading in a narrow channel below $2,580. Investors stay on the sidelines while gearing up for the Federal Reserve's interest rate decision.
Federal Reserve set for first interest-rate reduction in four years amid growing bets of jumbo cut
The Federal Reserve is widely expected to lower the policy rate after the September meeting. The revised Summary of Economic Projections and Fed Chairman Powell’s remarks could provide important clues about the rate outlook.
UK CPI set to grow at stable 2.2% in August ahead of BoE meeting
The United Kingdom Office for National Statistics will release August Consumer Price Index figures on Wednesday. Inflation, as measured by the CPI, is one of the main factors on which the Bank of England bases its monetary policy decision, meaning the data is considered a major mover of the Pound Sterling.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.