According to Reuters, Dallas Fed President Robert Kaplan stated in an interview with Bloomberg TV on Wednesday that they are seeing a broadening of pricing pressures.
“Inflation expectations for next year are expected to be broadly based at 2.4 percent.”
“The labor market still has a lot of supply constraints.”
“Imbalances in supply and demand are likely to endure.”
“Don’t expect a lot of big numbers in the jobs report.”
“I’d like to taper before the end of the year.”
“If you taper earlier, you’ll have more flexibility later.”
“This time, adjusting the Fed’s asset purchases will go considerably better than the last.”
“People are aware that changes are on the way; the only question is when.”
“We’re going to make a lot more progress than we thought we’d make.”
“Asset purchases are ineffective in dealing with supply problems.”
“We’ve made progress on inflation, but we need to make more progress on labor.”
“Because of concerns about efficacy and side effects, I’m ready to taper sooner.”
Following these remarks, the US Dollar Index maintained its bullish momentum and was last seen trading at 92.40, its highest level since early April, up 0.35 on a daily basis./n
