Fed's Evans: We need to address inflation
|Chicago Federal Reserve President Charles Evans is starting to cross the wires by saying, so far, ''we need to address inflation.'' Yesterday, he said the Fed will need to raise interest rates by at least another percentage point this year, and came with a more aggressive stance than he has previously embraced.
Key notes
- Expect to be at top fed funds rate by March.
- Inflation is much too high.
- Fair game to say Fed should have started raising rates earlier
- Central banks around the world are in the middle of rising interest rate environment.
Meanwhile, the greenback has fallen on Wednesday in a deep dive from fresh 20-year highs of 114.778 to a US session low of 112.588 so far.
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.