Fed’s Schmid: Can't assume inflation from higher oil prices will be transitory
Jeffrey Schmid, President of the Federal Reserve (Fed) Bank of Kansas City, said that inflation is the more salient risk for the Fed. Adding that there is a real risk inflation will get stuck closer to 3% in remarks prepared for delivery to the Rotary Club of Oklahoma City on Tuesday.

Jeffrey Schmid, President of the Federal Reserve (Fed) Bank of Kansas City, said that inflation is the more salient risk for the Fed. Adding that there is a real risk inflation will get stuck closer to 3% in remarks prepared for delivery to the Rotary Club of Oklahoma City on Tuesday.

Key takeaways:

Inflation is the more salient risk for the Fed, can't be complacent about inflation expectations.

There is a real risk inflation will get stuck closer to 3%.

Fed must follow through with policy actions to validate stable medium- and long-term inflation expectations.

US economic tailwinds include solid demand momentum, productivity gains, relatively low unemployment.

Can't assume inflation from higher oil prices will be transitory.

Expect 'modest drag' on economic growth from sustained higher oil prices.

US economic resilience should not be underestimated.

Higher energy prices will increase inflation, including core inflation.”

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.71% -0.43% -0.56% 0.07% -0.57% -0.29% 0.04%
EUR 0.71% 0.30% 0.20% 0.82% 0.17% 0.45% 0.81%
GBP 0.43% -0.30% -0.11% 0.53% -0.12% 0.15% 0.52%
JPY 0.56% -0.20% 0.11% 0.63% -0.02% 0.29% 0.64%
CAD -0.07% -0.82% -0.53% -0.63% -0.65% -0.35% -0.00%
AUD 0.57% -0.17% 0.12% 0.02% 0.65% 0.28% 0.66%
NZD 0.29% -0.45% -0.15% -0.29% 0.35% -0.28% 0.36%
CHF -0.04% -0.81% -0.52% -0.64% 0.00% -0.66% -0.36%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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KUOTASI LANGSUNG

Nama / Simbol
Grafik
% Perubahan / Harga
GBPUSD
Perubahan 1 hari
+0%
0
EURUSD
Perubahan 1 hari
+0%
0
USDJPY
Perubahan 1 hari
+0%
0

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