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Dollar Remains Weak Against Major Rivals

Dollar Remains Weak Against Major Rivals WASHINGTON (dpa-AFX) - The U.S. dollar was weak against its major counterparts on Tuesday amid rising fears about inflation. Traders were looking ahead to the consumer price inflation data for April, due on Wednesday. According to forecasts, prices may have increased by 3.6% annually last month. St. Louis Federal Reserve President James Bullard today acknowledged the progress the economy has made but said it s still not time to ease back the throttle on policy. Bullard said in an interview on CNBC s Closing Bell that fiscal and monetary policy help as well as aggressive vaccination efforts have helped keep growth going since the Covid-19 pandemic began in March 2020. He added that even with rising inflation ahead, the Fed should stay accommodative in its policy stance until there are clearer signs that the virus no longer poses as major a threat. That includes keeping short-term borrowing rates anchored near zero and continuing to buy at

Fed s Bullard Says It s Too Early to Talk Taper While the Pandemic Continues – NBC 6 South Florida

In an interview on CNBC s Closing Bell, the central bank official said fiscal and monetary policy help as well as aggressive vaccination efforts have helped keep growth going since the Covid-19 pandemic began in March 2020. But he added that even with rising inflation ahead, the Fed should stay accommodative in its policy stance until there are clearer signs that the virus no longer poses as major a threat. That includes keeping short-term borrowing rates anchored near zero and continuing to buy at least $120 billion a month even as markets wonder when the Fed will start pulling back on those purchases.

COVID Abates, Tax And Geopolitical Risks Emerge

by Tyler Durden Submitted by Paul Hoffmeister, Chief Economist at Camelot Portfolios Covid outlook continues to improve. Fed prioritizes Covid over inflation. Tax hikes to pay for spending. Relations with China and Russia introduce geopolitical risks.. The S&P 500 has continued its ascent on the back of aggressive monetary and fiscal policies, improving Covid case numbers, and the vaccine rollout. In recent weeks, equity market volatility, as measured by the CBOE VIX Index, sustained a drop below 20 for the first time since the start of the pandemic. It may not be a coincidence that this occurred around the same time as California, perhaps the most locked down state in the country, announced a target date for a complete reopening.

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