The Fed’s Ship is Listing — Market Talk

By: (james.glynn@wsj.com; @JamesGlynnWSJ

1936 ET – Behind the dollar’s biggest drop in 8 months Wednesday is the Fed no longer so sure that low inflation will take care of itself. Yellen raised questions in a Tuesday night New York appearance about what she and others have long professed to be low prices’ transitory nature. That was also mentioned in Wednesday’s FOMC meeting minutes. Oanda APAC Head of Trading  Stephen Innes says the comments mean the “board’s ship is listing” towards inflation concerns–or the lack thereof to be more specific

WSJ/Dow Jones News Wires

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Stephen Innes

Stephen Innes

Head of Trading APAC at OANDA
Stephen has over 25 years of experience in the financial markets and currently based in Singapore as the Head of Trading Asia Pacific with OANDA. Stephen's market views focus on the movement of G-10 and ASEAN Currencies. His views appear in Bloomberg, CNBC.Reuters, New York Times WSJ and the Economist. His media appearances include Bloomberg TV & Radio, BBC International, Sky TV, Channel News Asia, ASTRO AWANI and BFM Malaysia. Stephen has an extensive trading experience in Spot and Forward FX, Currency and Interest Rate Futures, Money Market Derivatives and Precious Metals. Before joining OANDA, he worked with organisations like Nat West, Chemical Bank, Garvin Guy Butler, and Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes