Trending Articles- Silver Price Forecast: Trump Signals Rapid Progress in US-Iran Negotiations, Bulls Target $90
- Gold declines below $4,500 as Iran tensions stoke inflation fears and bolster Fed hike bets
- $1.5 Billion in Crypto Assets Liquidated, Bitcoin Falls Below $66,000 Mark. What Is the Reason?
- Bitcoin Suffers Year’s Strongest Waterfall-Style Decline. Will It Next Drop to the $60,000 Mark?
- WTI rises to near $93.00 as Iran launches missiles toward Kuwait, Bahrain
- Bitcoin drops below $65K amid reinforced bear market signals
Federal Reserve (Fed) Governor Michelle Bowman said Wednesday that inflation progress slows and possibly halts. Bowman further stated that monetary policy is currently restrictive and time will tell if it is "sufficiently" restrictive.
Key quotes
“Inflation progress slows and possibly halts.”
“Strength of consumer spending tied to ongoing job growth.”
“Monetary policy currently restrictive; time will tell if it is "sufficiently" restrictive.”
“Consumers are turning to cheaper goods, but still spending heavily on travel for eclipse viewing.”
Market reaction
The US Dollar Index (DXY) is trading 0.01% higher on the day at 105.95, as of writing.
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
