Fed Cautiously Optimistic about Recovery with Fiscal Support. USD Upside Limited as Accommodative Policy Remains in Place

The FOMC minutes for the January meeting revealed that policymakers were cautiously optimistic over the economic outlook. Meanwhile, it also dampened hopes of tapering. US dollar’s rebound has been driven by more upbeat economic data and rising yields. However, the Fed’s pledge to maintain an ultra accommodative policy should keep upside limited. The members acknowledged […]

The post Fed Cautiously Optimistic about Recovery with Fiscal Support. USD Upside Limited as Accommodative Policy Remains in Place appeared first on Action Forex.

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