Long USDJPY and USDCAD The ultimate or terminal level of interest rates likely to be higher than previously anticipated according to the U.S. Federal Reserve

In June 2020 Chair Powell stated that the Federal Reserve was “not even thinking about thinking about raising interest rates”. Today he stated, “If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes. Restoring price stability will likely require that […]