United States. Federal Reserve System. The dollar. Covered interest rate parity. Swaps. Christopher J Waller. ” … there has, for some time, been commentary predicting that the dollar is destined for demise—potentially an imminent demise. Such predictions have not materialized. However, the role of the United States in the world economy is changing, and finance is always changing, so I think it is important to policymakers to regularly consider if and why the dollar’s role might change as well.”— Christopher J. Waller
United States. Federal Reserve System. Monetary policy. Bank supervision. Michael S. Barr. “I see the performance of our economy as strong. Labor demand is being met with rising supply from both improved labor force participation and immigration. We are doing very well on the employment component of our mandate, and we have also made tremendous progress over the last two years on the inflation component.
Capital, liquidity, and resolution resources underpin the resilience of the banking system, said Vice-chairman Barr. “The three elements work together: capital absorbs the impact of unanticipated losses; liquidity enables a bank to meet funding withdrawals and provides time to right itself from a bout of stress; and resolution resources facilitate an orderly wind down of a failing bank, which promotes financial stability and limits damage to the economy.” — Michael S. Barr.
United States. Federal Reserve System. Monetary policy. Housing. Philip N. Jefferson. “The housing sector is also one of the most interest rate-sensitive sectors of the economy. As such, it’s an important channel of monetary policy transmission. I expect spending growth to slow later this year as restrictive monetary policy weighs on demand, particularly on interest-sensitive spending. The supply of workers and the demand for labor continue to come into better balance. This rebalancing of the labor market has resulted in nominal wage growth easing even as unemployment remains historically low.
While there has been a recent uptick in Americans’ inflation expectations over the next 12 months, long-term inflation expectations, over the next ten years, remain close to pre-pandemic levels. That shows the American people believe that we will make good on our commitment to bring inflation fully back to our objective.
The current restrictive stance of monetary policy has weighed on the housing market. That is helping to bring supply and demand into better balance and put downward pressure on inflation.” — Philip N. Jefferson
Foreign exchange rates reported by the Board of Governors-Federal Reserve System
NZD/USD=0.6020
AUD/USD=0.6607
USD/JPY=155.8500
Source: Board of Governors-Federal Reserve System.
Foreign exchange rates reported by x-rates.com.
NZD/USD=0.6116
AUD/USD=0.6678
USD/JPY= 156.0683
Source: x-rates.com.
Alton Drew
20 May 2024
Disclaimer: The above post should not be construed as trading or legal advice. Please consult a trading or legal professional before making a trade. This post may contain affiliate links. Alton Drew may receive compensation when a reader clicks on a link and purchases a product or service. Please visit our advertisers. Your support is appreciated.
Lawyers Write the Bets. Bankers Sell the Bets. 