“There is a need for additional fiscal support to state and local governments,” Chicago Federal Reserve Bank President Charles Evans said on Thursday, as reported by Reuters. Regarding the inflation outlook, Evans said that he thinks that 2% inflation could be reached by 2023. “Federal support is important to fill holes; we are still a ways from where economic growth is sustainable on its own,” Evans further argued. “We could see one-off price increases in building materials or from supply constraints, but I don’t think it will be inflationary.” Market reaction The US Dollar Index ignored these comments and continues to consolidate its daily gains around 89.80, gaining 0.3%. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Silver Price Analysis: 4-hour bearish bias firming at confluence of resistance FX Street 1 year "There is a need for additional fiscal support to state and local governments," Chicago Federal Reserve Bank President Charles Evans said on Thursday, as reported by Reuters. Regarding the inflation outlook, Evans said that he thinks that 2% inflation could be reached by 2023. "Federal support is important to fill holes; we are still a ways from where economic growth is sustainable on its own," Evans further argued. "We could see one-off price increases in building materials or from supply constraints, but I don't think it will be inflationary." Market reaction The US Dollar Index ignored these comments and continues to consolidate its… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
