Fed's Bowman: Inflation progress slows and possibly halts

FXStreet
Updated Apr 18, 2024 24:13
Mitrade

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.

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