Fed Chairman Richmond Barkin said that inflation may have "peaked", but did not rule out the risk of a supply shock, other factors could make inflation higher than expected for a longer time.
In the discussion of spending reductions, the focus is on further improving the job market. It may take several months for the United States to meet the criteria for a reduction in debt purchases.
Atlanta Fed President Bostick said the Fed's commitment to maximizing the use of means won't raise rates too quickly, adding that the recent rise in inflation appears to be temporary. In the long run, the average inflation rate will be close to the 2% target.
Federal Reserve Chairman Dallas Kaplan said the Fed still expects inflationary pressures to expand into next year. If the economy develops as expected between now and the September meeting, he will agree to announce a debt relief plan at the September meeting and begin phasing out debt purchases in October.
In 2022, the FOMC voting committee and Kansas City Federal Reserve Chairman George believe it's time to scale back monetary stimulus measures
U.S. Senate Approves $3.5 Trillion Budget Plan On Wednesday, the U.S. Senate approved a $3.5 Trillion Budget Plan by a vote of 50-49 to advance the program. Biden's economic agenda. According to market news, the letter shows 29 Democrats in the US House of Representatives calling on leaders to raise at least $160 billion in electric vehicle funding in a $3.5 trillion spending plan.
TD: Steady US CPI keeps euro against dollar temporarily at 1.17, but the downtrend is not yet reversed
An analyst at TD Securities pointed out that although the CPI released by the US on Wednesday did not rise as strongly as expected, the US dollar index's uptrend has been affected. Restrained, the euro against the dollar continues to be supported at the 1.17 mark, but this is not a signal that the market has bottomed out. The dollar bulls are just taking profits in so the euro to dollar exchange rate still has more downside space in the market outlook.
The agency pointed out that compared to inflation data, the Fed is still more concerned about the state of the labor market. As long as the employment data continues to improve, it will not move towards tightening easing measures. Will change. Last week's unemployment data, which will be released later in the day, should therefore receive more attention than before. If the data shows no major surprises, the euro's recovery space will continue to be blocked at 1.1750 and if it falls below 1.17, it means bearish space is open. go out.
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