Fed's Evans: Will be necessary to bring rates up a good deal more over the coming months By fx_ross Fed DollarIndex Currencies
"I expect it will be necessary to bring rates up a good deal more over the coming months in order to return inflation to the Committee’s 2 percent average inflation target," Evans said in remarks prepared for delivery in Cedar Rapids for the Corridor Business Journal's mid-year economic review.
Own viewpoint is roughly in line with expectations for a policy rate of 3.25%-3.5% at year-end, 3.8% by end-2023.Less accommodative monetary policy will dampen very high labour demand.The labour market is downright tight.US dollar update Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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