In an interview with CNBC on Tuesday, Dallas Federal Reserve President Robert Kaplan said that his base case scenario points to a temporary surge in prices this year followed by a retreat in 2022, as reported by Reuters. Additional takeaways “Expecting year-over-year inflation this year to be 2.25% to 2.5%.” “The jury is out as to whether we’re going to see year after year price increases and not just a temporary surge in prices.” “My forecast has improved meaningfully.” “Expecting a 6.5% growth and a 4.5% unemployment rate this year.” “Will advocate for scaling back stimulus after seeing real outcomes, not just strong forecasts.” “My forecast for removing accommodation is more aggressive than the median Fed official.” “Expecting fed to start raising rates in 2022.” “We’re still in the midst of the pandemic right now.” Market reaction These comments don’t seem to be having a significant impact on the greenback’s performance against its rivals. As of writing, the US Dollar Index was up 0.43% on the day at 92.13. 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 EUR/USD to nosedive to 1.15 in coming months on strong US economic recovery – Danske Bank FX Street 8 months In an interview with CNBC on Tuesday, Dallas Federal Reserve President Robert Kaplan said that his base case scenario points to a temporary surge in prices this year followed by a retreat in 2022, as reported by Reuters. Additional takeaways "Expecting year-over-year inflation this year to be 2.25% to 2.5%." "The jury is out as to whether we're going to see year after year price increases and not just a temporary surge in prices." "My forecast has improved meaningfully." "Expecting a 6.5% growth and a 4.5% unemployment rate this year." "Will advocate for scaling back stimulus after seeing real outcomes,… Top 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.
