Fed: the cacophony continues

Macro-economy
June 24, 2021

Limited market moves again yesterday, as Fed members continued to send mixed signals on monetary policy. Preliminary PMIs confirmed the strength of activity growth but also raising tensions on production costs. The economic agenda is full today with in addition, a Bank of England meeting and many Fed speakers again. The EUR/USD exchange rate remains rather stable around 1.19.

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Fed: the cacophony continues

You might also read :

EUAs rebounded after an early weakness

EUA hit fresh record high near 40€/t before slightly retreating

Large unexpected drops in US stocks reported

Simplifying energy markets