Fed's Clarida: Benchmarks for rate hikes could be met by end of 2022
|Federal Reserve Vice Chair Richard Clarida said on Monday that benchmarks for rate hikes could be met by the end of 2022 but added that the Fed is still "a ways away" from considering lift-off, as reported by Reuters.
Additional takeaways
"Policy path outlined in September dot plot would be consistent with Fed's framework if current inflation and jobs forecasts are met."
"Repeat of 2021 inflation next year would not be a policy success."
"Core PCE inflation measured since Feb. 2020, before the pandemic, through Sept. 2021 already averaging 2.8%."
"Expecting full return to pre-pandemic employment levels by end 2022, unemployment rate at 3.8% with participation rising."
Market reaction
The US Dollar Index showed no immediate reaction to these comments and was last seen trading flat on the day near 94.20.
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.