August 28th, 2020
The key points from the first part of the video transcript are as follows:
- The FED has increased rates to 5.5 percent, which was expected.
- Gasoline prices have reached an eight-month high, causing inflation numbers to rise.
- The dollar has been bouncing between 100 and 103 on the DXY index.
- There may be one more rate increase in the future, but the next meeting is likely to be a pause.
- The commentary from the FED indicated a unanimous decision to raise rates and left the door open for more rate hikes.
- The adjusted Taylor rule implies a 5.5 percent rate, but it is likely closer to six and a half to seven percent.
#FED #interestrates #inflation #economy #dollar #gasolineprices
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