22 May 2023, EUR/USD
EURUSD trading plan:
Federal Reserve Chair Jerome Powell said it is still unclear if U.S. interest rates will need to rise further, as central bank officials balance uncertainty about the impact of past hikes in borrowing costs and recent bank credit tightening with the fact that inflation is proving hard to control. "We face uncertainty about the lagged effects of our tightening so far, and about the extent of credit tightening from recent banking stresses," Powell said. Some Fed policymakers call for a pause to further rate hikes. But others have pushed for more increases, while vice chair nominee Philip Jefferson in remarks that walked a middle path citing risks on either side with no clear recommendation.
Investment idea: range 1.0750 -1.0860.
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