Yesterday, USD strengthened against all major currencies.
During his speech yesterday, FOMC committee member Bostic said that he is supportive of a quantitative easing (QE) tapering in the fourth quarter of this year, justifying with the fact that inflation in the U.S. has reached the Fed’s 2% target. Shortly after, committee member Barkin reiterated Bostic’s comment on inflation and highlighted that it is likely going to sustain at that level.
During his speech yesterday, FOMC committee member Bostic said that he is supportive of a quantitative easing (QE) tapering in the fourth quarter of this year, justifying with the fact that inflation in the U.S. has reached the Fed’s 2% target. Shortly after, committee member Barkin reiterated Bostic’s comment on inflation and highlighted that it is likely going to sustain at that level.