Ex-Fed’s Kaplan: FOMC 'hawkish pause' in June, July hike is open

Dhwani Mehta FXStreet

Former Dallas Federal Reserve Bank (Fed) President Robert Kaplan said in an interview early Tuesday, he would support a "hawkish pause" at this week's meeting.

He add that he would “leave the question of a July hike open.”

His former colleague and former Boston Fed Chief, Eric Rosengren, tweeted early Monday, noting that he expects a “hawkish skip this week.”

Market reaction

Despite hawkish messages from former Fed officials, the US Dollar remains on the back foot across the board in sync with the US Treasury bond yields, as markets stay unnerved ahead of the key US Consumer Price Index (CPI) data due later this Tuesday. The US Dollar Index is losing 0.08% on the day to trade at 103.57, as of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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