In an interview with MNI Market News on Tuesday, Thomas Barkin, Chairman of the Federal Reserve Bank of Richmond said that the second quarter will be the peak for growth in Gross Domestic Product (GDP) and inflation in the US.
Barkin further noted that he expects to see a reversal of price increases in some sectors, as reported Reuters.
Market reaction
These comments were largely ignored by market participants and the US Dollar Index was last seen as rising 0.32% on the day to 92.18.
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