The door will be left open for future rate hikes but the Fed will be increasingly data-dependent. That's positive for the U.S. dollar.
More Quotes from Michael Woolfolk:
Unemployment has drifted further below 5 percent, and at those levels you have to start being concerned about bidding up of wages. There's a compelling reason to hike interest rates at the next meeting.Michael Woolfolk
The dollar will remain supported for the time being so long as central banks overseas continue to intervene to keep their currencies weak against the U.S. dollar.
Michael Woolfolk
Any time you have credible evidence of terrorism in the U.S. or abroad, it works against the dollar.
Michael Woolfolk
The larger-than-expected rise in the headline and core PPI helped to reinforce the view that the Fed will continue raising interest rates at its next two meetings. Nonetheless, the core inflationary data remains particularly benign.
Michael Woolfolk
If the Bank of Canadian continues to hike rates after the Federal Reserve pauses, it will narrow the rate differential between the two. This will make the Canadian dollar more favorable.
Michael Woolfolk
The current account deficit has grown to a point where it arguably cannot be corrected by US action alone.
Michael Woolfolk
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Based on Keywords: data-dependentThe spirit or life spark which animates this manifestation could be called God.
Arthur Young
Baseball hasn't forgotten me. I go to a lot of old-timers games and I haven't lost a thing. I sit in the bullpen and let people throw things at me. Just like old times.
Bob Uecker
A test of a people is how it behaves toward the old. It is easy to love children. Even tyrants and dictators make a point of being fond of children. But the affection and care for the old, the incurable, the helpless are the true gold mines of a culture.
Abraham Joshua Heschel