empty
05.02.2025 11:31 AM
U.S. Federal Reserve Policymakers Sharply Shift Their Stance

Mary Daly, President of the Federal Reserve Bank of San Francisco, stated yesterday that the U.S. economy is in good shape, and the central bank does not need to respond quickly to the new policies introduced by the Trump administration.

Daly noted that current economic indicators, such as the unemployment rate and steady GDP growth, point to a healthy state of the country's financial system. She emphasized that the Federal Reserve will continue to monitor the situation and remain ready to adapt to changing conditions, but rushing to adjust monetary policy is not advisable. Additionally, she highlighted the need to consider the potential long-term consequences of the tax reform proposed by the Trump administration, including its impact on inflation and consumer spending. Supporting consumers and businesses remains a key priority, and the Fed aims to create conditions for sustainable economic growth.

"There's a lot of uncertainty," Daly said on Tuesday during a panel discussion organized by the Commonwealth Club World Affairs of California. But she added: "We can take our time and see what happens, both in the economy and in politics."

This image is no longer relevant

Daly believes that preemptive action is no longer necessary, signaling a softer approach to interest rates than previously anticipated. The San Francisco Fed President also stated that the work to bring inflation back to 2% is not yet complete, and she is dedicating 100% of her energy to addressing this challenge.

It's worth noting that Daly and other Fed officials are currently facing extraordinary uncertainty regarding the future policies the Trump administration may pursue concerning tariffs, immigration, taxation, and regulation, all of which could impact the U.S. economy. Daly also stressed the importance of understanding the net effect of new policies, including their scope, magnitude, and timing, which remain unclear.

"If you take preemptive measures by looking at these factors in isolation, you might make a policy mistake," she said.

Trump's Tariffs and Market Reaction

On Monday, President Donald Trump announced the imposition of 25% tariffs on Canada and Mexico, but by Tuesday, he had reached agreements with both governments to delay their implementation by at least a month. However, a 10% tariff on Chinese goods took effect at midnight, prompting a series of retaliatory measures from Beijing.

This has had a positive impact on risk assets, leading to the strengthening of the euro and British pound, and the weakening of the U.S. dollar. However, it remains difficult to predict how long investor optimism toward the euro and pound will last. Any unexpected actions from Trump could quickly restore pressure on risk assets.

Technical Outlook

EUR/USD:Buyers now need to focus on breaking through the 1.0395 level. Only this will pave the way for a test of 1.0430. From there, the pair could climb to 1.0465, but doing so without the support of major players will be challenging. The ultimate target would be the 1.0495 high. In case of a decline, significant buying activity is expected around 1.0360. If no support materializes at that level, it would be wise to wait for a retest of the 1.0320 low or to open long positions from 1.0280.

GBP/USD:Pound buyers need to capture the nearest resistance at 1.2520. Only this will allow for a move toward 1.2570, above which it will be difficult to break. The ultimate target would be 1.2600, after which a sharper rally toward 1.2630 could be expected. If the pair declines, the bears will attempt to regain control at 1.2450. A successful break of this range would deal a serious blow to the bulls and push GBP/USD down to 1.2415, with the potential to reach 1.2380.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Análisis del par GBP/USD. El 17 de marzo. El mercado se ha dormido, la economía no le interesa a nadie.

El par de divisas GBP/USD el viernes "murió" definitivamente. En la ilustración a continuación se puede ver claramente que la volatilidad fue bastante alta en los primeros tres días

Paolo Greco 07:03 2025-03-17 UTC+2

Análisis del par EUR/USD. 17 de marzo. Ni rastro de corrección.

El par de divisas EUR/USD no logró continuar el débil movimiento a la baja del miércoles y jueves durante la jornada del viernes. Por lo tanto, una corrección contra

Paolo Greco 07:02 2025-03-17 UTC+2

El Bitcoin huye de la criptocapital del mundo

Donald Trump prometió hacer de América la criptocapital del mundo, pero ¿quién necesita una capital de la que todos huyen? Las peores liquidaciones de empresas tecnológicas desde 2022 entristecieron

Marek Petkovich 11:54 2025-03-11 UTC+2

WTI – West Texas Intermediate. La recuperación de los precios del petróleo está limitada

Hoy, el petróleo ha intentado recuperarse desde los niveles más bajos observados desde septiembre de 2024. Sin embargo, la recuperación no puede considerarse positiva en el corto plazo. Los inversores

Irina Yanina 10:55 2025-03-11 UTC+2

Las negociaciones entre EE. UU. y China sobre comercio están estancadas

Según informes de los medios, las negociaciones entre EE. UU. y China sobre comercio y otros asuntos se han estancado en niveles bajos, ya que ambas partes no logran entenderse

Jakub Novak 07:59 2025-03-11 UTC+2

El gas sigue subiendo rápidamente de precio

Las cotizaciones del gas se han consolidado de manera firme por encima del nivel de $4, y en este momento no hay razones para el regreso del mercado bajista

Miroslaw Bawulski 13:07 2025-03-10 UTC+2

Análisis del par GBP/USD. El 10 de marzo. La libra esterlina sigue subiendo.

El par de divisas GBP/USD reanudó su movimiento alcista el viernes. El paquete estadístico estadounidense no fue lo suficientemente fuerte, lo que completó el cuadro general del desastre del dólar

Paolo Greco 07:29 2025-03-10 UTC+2

Análisis del par EUR/USD. El 10 de marzo. ¿Cuánto tiempo más bajará Trump el tipo de cambio del dólar?

El par de divisas EUR/USD, naturalmente, siguió subiendo durante el viernes. Esta vez el mercado tenía buenas razones para vender el dólar, pero recordemos que durante toda la semana pasada

Paolo Greco 07:28 2025-03-10 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.