ING’s Chris Turner notes that risk assets and Asian currencies have stabilised, but expects the US Dollar (USD) to stay supported on dips as markets await key US data and central bank meetings.
Jeffrey Schmid, President of the Federal Reserve (Fed) Bank of Kansas City, said on Thursday that inflation remains the primary threat to the US economy, while raising questions about whether the Fed may need to keep interest rates elevated or even tighten policy further to ensure price stability.
Beth Hammack, President of the Federal Reserve Bank of Cleveland, struck a distinctly hawkish tone on Tuesday, warning that persistent inflation risks may eventually require a policy response.Key Quotes