Fed’s Logan: Fed's next rate move could be cut or hike
Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, spoke at the Bank of Dallas, claiming that the Fed should not have give guidance that implies easing right now. She also added that the next rate move could be a cut or a hike.
Key takeaways:
Fed should not give guidance implying easing right now.
Fed's next rate move could be cut or hike.
Economic outlook is very uncertain right now.
Job market has been stable.
Increasingly concerned about getting inflation back to 2%.
Outlook for inflation path is uncertain.
Dissented against Fed’s easing bias at FOMC meeting.
Has been stable."
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.39% | -0.33% | -0.14% | -0.09% | -0.29% | -0.16% | -0.39% | |
| EUR | 0.39% | 0.06% | 0.26% | 0.28% | 0.12% | 0.21% | -0.00% | |
| GBP | 0.33% | -0.06% | 0.17% | 0.24% | 0.04% | 0.15% | -0.05% | |
| JPY | 0.14% | -0.26% | -0.17% | 0.06% | -0.14% | -0.06% | -0.24% | |
| CAD | 0.09% | -0.28% | -0.24% | -0.06% | -0.21% | -0.09% | -0.28% | |
| AUD | 0.29% | -0.12% | -0.04% | 0.14% | 0.21% | 0.10% | -0.08% | |
| NZD | 0.16% | -0.21% | -0.15% | 0.06% | 0.09% | -0.10% | -0.19% | |
| CHF | 0.39% | 0.00% | 0.05% | 0.24% | 0.28% | 0.08% | 0.19% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Agustin Wazne
FXStreet
Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.
