WH Economic Advisor Deese: Forecasters see prices moderating during the course of 2022
|Early Thursday morning in Asia, White House (WH) Economic Advisor Brian Deese said, “Forecasters see prices moderating during the course of 2022 which is consistent with our perspective.”
“The delay in fed appointments has had no effect on inflation response,” adds WH Eco. Advisor Deese.
The diplomat also mentioned, “We are watching impact of China's covid-19 lockdowns on supply chains.”
"Biden administration plans to take additional steps this month to attempt to further ease bottlenecks at ports," said the US diplomat.
Read: Fed’s Brainard: Inflation control is Fed's most important task
FX reaction
Although the news should have helped Antipodeans to extend the previous rally, prices of AUD/USD paused around a two-month high after release.
Read: AUD/USD battles 100-DMA on the way to 0.7300 amid broad USD weakness
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.