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The U.S. economy remains far from the Fed goals

The U.S. economy remains far from the Fed goals | 25 February 2021

25 February 2021, EUR/USD

The U.S. economy remains far from the Fed goals

EURUSD trading plan:

The U.S. economy remains far from the Federal Reserve's goals for employment and inflation and monetary policy will continue to provide support until further progress has been made in boosting inflation and improving the labor market for all workers, Fed Governor Lael Brainard said. In a comprehensive speech that laid out the history of the Fed's dual mandate and how the central bank's assessment of those goals has evolved, Brainard said policymakers are looking beyond the headline unemployment rate when assessing the health of the labor market, which is recovering unevenly from the pandemic. This is a negative signal for the U.S. currency.

Investment idea: Buy 1.2160 and take profit 1.2207.

David Johnson
Analyst of «FreshForex» company
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