Reply To: Central Bank Watch – Korea Raises, BOJ Sequel to JGB, Dollar Yen Massacre Ahead

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TradersCom
Keymaster

Two Fed speakers commented with San Francisco Fed President (non-voter) Daly saying that the FOMC could raise the fed funds rate range by 25 or 50 bps on February 1 while Atlanta Fed President Bostic said that the Fed is willing to overshoot when it comes to tightening.

Latest survey of Consumer Expectations from the Federal Reserve Bank of New York showed that year-ahead inflation expectations decreased to 5.0% from 5.2% in November while three-year expectations remained at 3.0%, and five-year expectations ticked up to 2.4% from 2.3%.

The greenback faced pressure for bulk of the day, sending the U.S. Dollar Index lower by 0.8% to 103.05, a level not seen since early June.