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Mood improves as Fed hawk tones down the rhetoric
The US dollar has given back some of its gains and stocks have trimmed losses after St Louis Fed President James Bullard took something of a victory lap on inflation.
The title of the presentation was 'The prospects for disinflation in 2023' and he said:
"During 2023, actual inflation will likely follow inflation expectations to a lower level as the real economy normalizes."
He was also upbeat on late 2022 growth.
"Real GDP growth now appears to have been stronger in... Read More
Posted: Jan 5 2023, 18:47
Author Name: forexlive
Views: 110651