In an interview with CNBC, Fed Governor Christopher Waller said on Friday that he expects inflation to rise to 2.5% for this year, as reported by Reuterts. Additional takeaways “US economy is ready to rip.” “Seeing a 6.5% GDP growth this year.” “Unemployment will drop further.” “We are seeing sustained growth.” “We will see some surge in demand from stimulus, pent up savings.” “We will see a surge but with virus under control and 70% vaccinated, fundamentals for good strong growth are there.” “We have to keep in mind, we are not there yet.” “We still need to make up for lost ground, we still have a long way to go.” “No reason to start pulling the plug.” “Temporary surge in inflation will not last, bottlenecks will go away.” Market reaction The US Dollar Index edged lower following these remarks and was last seen losing 0.16% on the day at 91.52. 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 SNB: Currency interventions necessary to ensure price stability FX Street 2 years In an interview with CNBC, Fed Governor Christopher Waller said on Friday that he expects inflation to rise to 2.5% for this year, as reported by Reuterts. Additional takeaways "US economy is ready to rip." "Seeing a 6.5% GDP growth this year." "Unemployment will drop further." "We are seeing sustained growth." "We will see some surge in demand from stimulus, pent up savings." "We will see a surge but with virus under control and 70% vaccinated, fundamentals for good strong growth are there." "We have to keep in mind, we are not there yet." "We still need to make up… 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.
