Fed’s Paulson: Cautiously optimistic on inflation moving back to target

Agustin Wazne FXStreet

President of the Federal Reserve (Fed) Bank of Philadelphia Anna Paulson said on Wednesday that she sees further rate cuts later this year if the forecast meets their expectations. In a speech at the Chamber of Commerce for Greater Philadelphia, Paulson added that inflation should be around 2% by year-end.

Key takeaways

Sees further rate cuts later this year if forecast met.

Inflation should be around 2% run rate by year end.

Monetary policy ISA little restrictive right now.

cautiously optimistic on inflation moving back to target.

Baseline economic outlook is pretty benign.

In 2026, I'm seeking greater clarity on what's driving the job market.

The US is likely to grow around 2% this year.

In 2026, expects inflation to moderate, job market to stabilise.

Not everyone is doing great in the US economy right now.

The job market is bending but not breaking right now.”

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.08%	-0.18%	-0.54%	-0.03%	0.01%	-0.12%	-0.12%
EUR	0.08%		-0.11%	-0.44%	0.05%	0.09%	-0.04%	-0.04%
GBP	0.18%	0.11%		-0.34%	0.16%	0.20%	0.07%	0.07%
JPY	0.54%	0.44%	0.34%		0.51%	0.55%	0.41%	0.42%
CAD	0.03%	-0.05%	-0.16%	-0.51%		0.05%	-0.09%	-0.09%
AUD	-0.01%	-0.09%	-0.20%	-0.55%	-0.05%		-0.13%	-0.13%
NZD	0.12%	0.04%	-0.07%	-0.41%	0.09%	0.13%		0.00%
CHF	0.12%	0.04%	-0.07%	-0.42%	0.09%	0.13%	-0.00%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Author

Agustin Wazne

FXStreet

Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.

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