New Fed Storm Beware By Investing.com

Investing.com – Dallas Federal Reserve Chairman Robert Kaplan said on Friday that he is closely monitoring the implications of the delta tension on the economic outlook, and what impact it may have on his view of monetary policy. in a way “, especially if it slows down the economy. growth.

“This is happening very quickly,” Kaplan said, marking a shift in Kaplan’s stance, having previously argued that the Fed should start cutting its bond buying programs in October.

It “poses a rapid threat” to consumer activity and dining out. It also poses a risk of returning to work in offices, and possibly the pace of employment in light of fear of infection, which will impact production, according to what Reuters cited from the conversation.

Now, other risks of the virus are becoming clear, with responsible authorities investigating the Moderna vaccine and its possible role in causing rare heart disease.

Some countries are also starting to shut down and impose restrictions again, such as Israel, which has decided that testing for infection with the Corona virus and its variants is free for those under 11, according to the BBC.

And he began to require anyone over the age of 3 to present proof of vaccination or a negative Covid 19 test result, before entering many closed places, to avoid a sharp increase in injuries, and closed places come restaurants, cafes, museums, libraries, gymnasiums and swimming pools. , according to the BBC.

Traders did not panic when the Fed announced that monetary policy was imminent, and it turned higher today, although it is heading towards a negative weekly close.

As the strength of the dollar index continues, and a marked weakness in the price of oil, with a loss of almost 10% in one week, and speculators’ engagement data on the positions, it shows a decline in prices. long positions, which indicates more fear of the further decline. Especially with the increase in gasoline inventories, and the low consumption of US oil inventories.

For more details on the Fed minutes:

The market looks at the position of Federal Reserve Chairman Jerome Powell on Saturday, August 28.

With the turmoil today enjoying strong earnings with the currency once again heading towards the 50k level. And its currency is shining to become the third most powerful digital currency in the world, rising sharply by around 19% in 24 hours, and the market sees more profits waiting.

While Ripple and Polkadot are posting solid gains today.