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The Fed will continue to raise interest rates

The Fed will continue to raise interest rates | 09 October 2023

09 October 2023, USD/JPY

The Fed will continue to raise interest rates

USDJPY trading plan:

Federal Reserve Governor Michelle Bowman repeated her view that inflation continues to be too high despite "considerable" progress in lowering it, and the U.S. central bank will likely need to tighten monetary policy further. "I expect it will likely be appropriate for the to raise rates further and hold them at a restrictive level for some time to return inflation to our 2 percent goal in a timely way," Bowman said in prepared remarks to the Connecticut Bankers Association. Bowman, one of the Fed's most hawkish policymakers, said the latest employment report reflected "solid" job growth.

Investment idea: buy 148.80 and take profit 149.30.

David Johnson
Analyst of «FreshForex» company
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