Fed’s Kashkari: Policy uncertainty is complicating the Fed’s job
Source Fxstreet
Minneapolis Fed President Neel Kashkari reiterated that there is still job to be done regarding inflation.
Key Quotes
We've made a lot of progress bringing inflation down, still more work to do.
Job market has stayed strong, biggest challenge is to finish the job.
Policy uncertainty is complicating the Fed's job.
Relative to other countries, the U.S. is relatively insulated to trade dynamics.
After 2018 tariffs, we saw less reshoring of manufacturing to the U.S. than to other countries.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, hovers around 104.30.
Gold price (XAU/USD) attracts follow-through buyers for the second consecutive day and climbs to a fresh record high, around the $3,077-3,078 area during the Asian session on Friday.
Bitcoin (BTC) price stabilizes at around $87,000 on Friday, as its RSI indicates indecisiveness among traders.
The EUR/USD pair struggles to capitalize on the previous day's goodish bounce from over a three-week low, around the 1.0730 area, and edges lower during the Asian session on Friday.
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