The US economy is set up for a better second half of the year, Boston Federal Reserve President Eric Rosengren said on Wednesday, as reported by Reuters.
Additional takeaways
“Infections and vaccinations still determining the outlook for the economy.”
“The labor market is still disrupted.”
“US has a lot more to do to fix the labor market with a gap that is quite large.”
“All major inflation measures are quite low right now.”
“Increase in 10-year Treasury bond yield points to anticipation that the economy will do better in the second half of the year.”
“For a few more months, the pandemic will be the dominant force in the economy.”
“Consumption over the next couple of months will be boosted by fiscal actions already taken and likely to come.”
Market reaction
The US Dollar Index showed no immediate reaction to these comments and was last seen gaining 0.51% on the day at 90.98.
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