Today we could learn comments from Biden's Economic Aide Boushey and WH Economic Advisor, former Fed member, Laul Brainard. S&P Research analysts indicated that US recession risk moderates, but remains elevated. Core inflation, as measured by the Fed's preferred index in December 2023, was the sixth month in the last seven where monthly inflation has printed at a rate equal to or below the Fed's 2% target.
WH Boushey
- I am not expecting large price shocks after Houthi attacks.
- I am unable to say how long the pause on LNG permits will last.
- Investments will drive productivity and jobs for years.
- The reports this week show economic strength.
WH Brainard
- The very strong disinflation on goods is tempering.
- We expect US sentiment to keep improving.
- The economy is upbeat, inflation is getting anchored at 2%.
- China's slowdown and Red Sea disruptions are risks for the US economy but appear contained.
- Consumer confidence and spending shows Americans' faith in their personal finances.
EURUSD (H1 Interval)
Despite some bullish pressure on EURUSD, selling volumes are still higher, and we can see that a pair reacted to SMA200 (red line) pressure at 1.087.
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