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The Fed's stimulating monetary policy

The Fed's stimulating monetary policy | 24 February 2021

24 February 2021, GBP/USD

The Fed's stimulating monetary policy

GBPUSD trading plan:

As described in the February Monetary Policy Report, in August, the Committee unanimously adopted its revised Statement on Longer-Run Goals and Monetary Policy Strategy. This change means that FED will not tighten monetary policy solely in response to a strong labor market. Federal Reserve expected that it will be appropriate to maintain the current accommodative target range of the federal funds rate until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time. This is a negative signal for the dollar!

Investment idea: Buy 1.4130 and take profit 1.4200.

David Johnson
Analyst of «FreshForex» company
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