Fed dollar strategy

And China arrived and defeated the Fed

This Week’s Fed Meeting May See A Third Major Change To Its Dollar Strategy

Monex Europe | Recent meeting minutes and speeches have made it clear the FOMC is considering a range of possible calendar and outcome-based forward guidance. The likeliest outcome is further formalisation of the Fed’s shift away from viewing maximum employment as a constraint that will lead to rate hikes. Powell’s speech may provide a template for what outcome based guidance could look like.