- Analytics
- News and Tools
- Market News
- Fed's George: Only piece of clear data is that we have high inflation
Fed's George: Only piece of clear data is that we have high inflation
Kansas City Fed President Esther George said on Friday that they have no clear narrative on the outlook for growth in today's murky economic landscape and added that the only piece of clear data is that high inflation, as reported by Reuters.
Additional takeaways
"We are operating in a tight economy."
"I am watching if persistently high inflation seeps into expectations. If it does, trade-offs become more costly."
"Faster supply growth unlikely to take care of inflation problem."
"Financial conditions have tightened considerably this year, but clear more to be done."
"We need to move into restrictive territory."
"How restrictive remains to be seen."
"I expect rates will have to move higher for a sustained period, but moving too fast could disrupt financial markets."
"Policy actions also have a lag, impact on the real economy is still likely playing out."
Market reaction
The US Dollar Index preserves its bullish momentum following these comments and was last seen rising 0.65% on the day at 113.18.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
