Fed’s Musalem: People remain concerned about inflation at the current level
FXStreet · Christian Borjon Valencia ·
St. Louis Federal Reserve (Fed) President Alberto Musalem said on Friday that “people remain concerned about inflation at the current level,” adding that inflation expectations remain anchored.
St. Louis Federal Reserve (Fed) President Alberto Musalem said on Friday that “people remain concerned about inflation at the current level,” adding that inflation expectations remain anchored.Musalem said that the Fed “must return inflation to 2% on a timely basis” and noted that current excess inflation is due to energy shocks and the AI buildout.Key highlights:People remain concerned about inflation at the current levelInflation expectations remain anchoredMust return inflation to 2% on a timely basisExcess inflation today is coming from energy shocks and the AI buildoutConsumption and investment are both growing at a fast rate based on an optimistic outlookAI will bring much higher productivityData center build-out contributing to strong demandGood Fed comms leads to smoother policy transmission
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.
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