Ben Bernanke thinks his former colleagues at the Federal Reserve will be reluctant to raise interest rates anytime soon.
One of Wall Street’s favorite pastimes is trying to discern hidden meaning in language tweaks from Fed officials. But Bernanke, the central bank’s former chairman, thinks doing so under current conditions will only lead investors astray.
In part, that’s because most Fed officials have been wrong on their economic forecasts over the past several years. They anticipated that economic growth would be stronger, while both the unemployment rate and the natural level of interest rates would be higher.
OANDA MP – Oil Slides on Inventory Data (Video)
XAU/USD – Gold Subdued, US Job Openings Jumps
USD/CAD Canadian Dollar Higher Despite Oil Drop
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.