Agency: To maintain a strong dollar, the Fed needs to suspend interest rate cuts

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ODAILY
11-14
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Odaily Odaily News: Ed Yardeni, president of Yardeni Research, said that in order to keep the dollar strong, the Federal Reserve may need to stop cutting interest rates. Yardeni pointed out that the U.S. economy has performed well and his company, Yardeni Research, has always been positive about the dollar. A few months ago, the dollar weakened as the market expected the Federal Reserve to cut interest rates several times, and Yardeni thought it would be a mistake. He added that the performance of the U.S. bond market and the dollar both support this view. He believes that by stopping or reducing interest rate cuts, the Federal Reserve will help maintain the strength of the dollar. (Jinshi)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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