There is upside risk to forecast 3.4% inflation this year – Robert Kaplan

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Dallas Fed Chairman Robert Kaplan it said Thursday that there is an upside risk in its inflation forecast of 3.4% this year and 2.4% next, Reuters reported.

Kaplan also noted that demand is strong, adding that he expects it to remain strong.

Market reaction

These comments do not appear to have a noticeable impact on the performance of the dollar against its main rivals. At time of writing, the US Dollar Index was posting small daily gains at 91.82.

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