Cleveland Fed President Loretta Mester crossed wires, via Reuters, during late Thursday in the US while saying, “US economy will grow by 6% or more this year and the unemployment rate will drop to 4.5% or lower by year-end.” The Fed policymaker also said that the economy has a long way to go until sustainable recovery while also suggesting that prices are going to stabilize or come down as supply chain disruptions are solved. Additional comments… US economy will grow by 6% or more this year and unemployment rate will drop to 4.5% or lower by year-end. Sizable support from fiscal and monetary policy and vaccination deployment point to a pickup in activity in the second half of this year. Labor market conditions will improve if there is not a surge in virus variants resistant to vaccines Vaccinations, school reopenings and child-care will be important to getting people back to work The uptick in inflation expectations is due to better economic outlook. Not concerned about inflation getting too high. Modest increase in inflation expectations is not worrisome. FX implications As these comments are more or less similar to what the Federal Reserve policymakers have been saying, market players paid a little heed to the news as Asian traders prepare for a busy Friday loaded with China data. Read: AUD/USD: Firm around a month’s high towards 0.7800, focus on China data dump 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 Wall Street Close: Strong US data propels all three key indices to fresh record high FX Street 2 years Cleveland Fed President Loretta Mester crossed wires, via Reuters, during late Thursday in the US while saying, "US economy will grow by 6% or more this year and the unemployment rate will drop to 4.5% or lower by year-end." The Fed policymaker also said that the economy has a long way to go until sustainable recovery while also suggesting that prices are going to stabilize or come down as supply chain disruptions are solved. Additional comments... US economy will grow by 6% or more this year and unemployment rate will drop to 4.5% or lower by year-end. Sizable support from… 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.
