The Federal Reserve (Fed) Governor Michelle Bowmannoted Thursday that Headline and core inflation have slowed slightly, but he added that they remain unacceptably highas reported by Reuters.
Featured Statements
“I hope that keep increasing rate hikes in upcoming meetings“.
“We still have a lot of work to do, but it is appropriate that we slow down the rate of rises“.
“That will allow us to better assess the impact of our actions.”
“My view on the size and pace of rate hikes will be guided by what data comes in.”
“We are looking for signs that inflation has peaked and is on a downward path.”
“Policy will have to remain tight for some time to bring inflation down.”
“I will continue to watch the labor market to assess the impact of our actions there.”
“We are not seeing a significant impact in reducing inflation.”
“They are still at high levels and I need to see our actions have an impact.”
“Until then, I hope we have a slightly higher terminal rate than I had anticipated in the Sept meeting.”
“The balance sheet is not creating problems at the moment, we have to keep watching.”
Market reaction
The US dollar remains under strong downward pressure following these comments and the Dollar Index is down 0.92% on the day at time of writing, sitting at 104.90.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
