White House: We take inflation very seriously

FX

The White House said on Monday that they take inflation very seriously and added that the US Federal Reserve is responsible for monitoring it, as reported by Reuters.

“Inflation has not changed the view that more need to be done to reduce unemployment,” the White House added.

Market reaction

These remarks don’t seem to be having a significant impact on market sentiment. As of writing, the S&P 500 and the Nasdaq Composite were down 0.4% and 0.9%, respectively. Meanwhile, the US Dollar Index is posting small daily losses at 90.18.

Articles You May Like

Rewards4Earth plans to roll out crypto rewards to 1000 sports clubs in Australia
LIVE Forex Trading GBP/USD: Watch the Trade Start to Finish! 💰📉
Oil prices take breather after three-day rally
EU officials reach agreement on AML authority for supervising crypto firms
Atlanta Fed Q2 GDPNow falls to -1.0% from +0.3%