Fed could start raising interest rates | 19 November 2021

19 November 2021, EUR/USD

Fed could start raising interest rates

EURUSD trading plan:

Federal Reserve policymakers are penciling in the possibility of earlier interest rate hikes than they thought would be needed just a few months ago, as inflation continues to soar. The shift comes as President Joe Biden nears a decision on whether to keep Jerome Powell as Fed chair for another term, or to elevate Governor Lael Brainard to that post instead. One of the U.S. central bank's most reliable policy doves said he is "more open-minded" to raising interest rates next year. A 2022 interest rate hike, Chicago Fed President Charles Evans said, could be appropriate if inflation continues to stick despite his expectations to the contrary. Separately, Atlanta Federal Reserve President Raphael Bostic said he believes the U.S. central bank could start raising interest rates in the middle of next year, based on the jobs outlook.

Investment idea: sell 1.1380 and take profit 1.1335.

David Johnson
Analyst of «FreshForex» company
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