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.
- 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.
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