- April rate hike “expressly intended” to limit second round effects
- Sees inflation above 2% for about three quarters of year, then gradually easing
- On euro zone crisis; ventures to speculate that markets should calm now (whoops)
Meanwhile back at the ranch. Aforementioned buy orders down at 1.4370/80 have proved durable and we’re seeing some recovery. From session low 1.4379 we’re back up at 1.4400, amid talk of Asian central bank purchases.
