ByJin Dao Tai
AUG 10, 2021
Yesterday, USD strengthened against all major currencies.
During his speech yesterday, FOMC committee member Bostic said that he is supportive of a quantitative easing (QE) tapering in the fourth quarter of this year, justifying with the fact that inflation in the U.S. has reached the Fed’s 2% target. Shortly after, committee member Barkin reiterated Bostic’s comment on inflation and highlighted that it is likely going to sustain at that level.
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