Fed's Logan: Not yet convinced we are moving to 2% inflation
Federal Reserve Bank of Dallas President Lorie Logan stated on Friday that there has been some “welcome progress” in tackling inflation but that it’s still too high.
Key quotes
“Has seen welcome progress on inflation but it's still too high.”
“Not yet convinced we are moving to 2% inflation.”
“Economy continues to outperform, labor markets still tight.”
“Important to have restrictive financial conditions broadly speaking.”
“Fed has some time to watch economy, markets before deciding on monetary policy.”
“Fed has been unified in restoring price stability.”
“Some part of bond yield rise is tied to term premiums.”
“Some part of bond yield rise is also tied to strength of economic data.”
“Rise in bond yields has been pretty orderly.”
“Bond markets are functioning, but still watching for trouble”
Market reaction
Following the above comments, the US dollar Index (DXY) is up 0.04% on the day at 106.26
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.