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The Fed will continue to print money in the coming months

The Fed will continue to print money in the coming months | 09 July 2021

09 July 2021, GBP/USD

The Fed will continue to print money in the coming months

GBPUSD trading plan:

Measures of expectations for Federal Reserve policy were little changed. The median respondent to the Desk's surveys of primary dealers and market participants continued to expect the pace of Federal Reserve asset purchases to begin to decline in the first quarter of 2022, although most respondents also saw a reasonable chance that this decline could occur one quarter earlier or later. The median respondent expected purchases to end in the fourth quarter of 2022. The Desk's survey measures of the expected path of the target federal funds rate were also fairly steady, and the median respondent continued to expect the first target rate increase to occur in the third quarter of 2023.

Investment idea: buy 1.3755 and take profit 1.3811.

David Johnson
Analyst of «FreshForex» company
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