Fed's Bostic: Worried about inflation getting entrenched
|Atlanta Federal Reserve President Raphael Bostic noted on Friday that he is worried about inflation getting entrenched, as reported by Reuters.
"Right now, the dashboard of inflation is not flashing red or suggesting things are getting out of control," Bostic added. "If we see good progress and the economy can stand on its own, I'd be in favour of getting to a more normalized policy. W will want to see how this evolves over the coming months."
Market reaction
The US Dollar Index continues to inch higher and was last seen gaining 0.36% on a daily basis at 90.07.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.