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The economy ready for a better second half of the year

The US economy is poised for a better second half of the year, the president of the Boston Federal Reserve Eric Rosengren, Reuters reported.

Additional statements

“Infections and vaccines continue to determine the outlook for the economy.”

“The labor market is still disturbed“.

“The United States has a lot more to do to fix the labor market with a gap that is quite large.”

“All the main inflation measures are quite low at the moment.”

“The Increase in the yield of 10-year Treasuries points to anticipate that the economy will improve in the second half of the year“.

“For a few more months, the pandemic will be the dominant force in the economy.”

“Consumption over the next few months will be driven by fiscal actions already taken and probably to come.”

Market reaction

The US Dollar Index It did not show an immediate reaction to these comments and was last seen gaining 0.51% on the day at 90.98.

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