WH Economic Advisor Deese: Forecasters see prices moderating during the course of 2022

Anil Panchal FXStreet

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

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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