Fed reserved

Many observers have accused the Fed of policy inconsistencies after its 25 basis point rate cut on June 25, and worse still, stealing a page from the European Central Bank (ECB) book in garbling their message. The accusations include a view that the Fed led the market down ‘the path’ of deflation, and the need for strong pre-emptive pro-active measures. The more timid response caught 50% of the market offside, and was seen as either consistent with a view that growth would resume, or that they

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: