He Federal Reserve Governor Christopher Wallersaid on Tuesday that he needs to see several more months of good inflation data before he feels comfortable supporting an easing of policyaccording to Reuters.
Featured Statements
“The exception would be a significant weakening of the labor market.”
“Further increases in the official interest rate are probably not necessary.”
“April inflation data suggests that progress towards the 2% target has likely resumed, but progress was modest.”
“The data suggests that inflation is not accelerating.”
“The economy appears to be evolving closer to what the Fed expected.”
“Data on spending and the labor market suggest that monetary policy is well positioned to put downward pressure on inflation.”
“Wage growth is still somewhat higher than desired, but not by much.”
“We will closely monitor how private domestic final purchases behave in the second quarter.”
“Delinquency rates for credit cards and auto loans suggest some consumers are under pressure.”
Market reaction
The US Dollar Index remains in its daily range slightly above 104.50 following these comments.
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.
