Fed's Bullard: Need to be ready for upside risks to inflation
|"We're in a much stronger position with respect to reopening and inflation has come along with it," St. Louis Fed President James Bullard said on Monday, as reported by Reuters.
Additional takeaways
"Expecting 2.5% Core PCE inflation for 2022."
"If you average that across past years you get close to 2% inflation."
"No one really knows how this is going to unfold but need to be ready for upside risks to inflation."
"Fed needs to be ready to react on both side of that and stay nimble."
Market reaction
The greenback remains on the back foot after these comments and the US Dollar Index was last seen losing 0.4% on the day at 91.96.
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. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.