8/4/2021 8:12:54 PM GMT | By Valeria Bednarik What you need to know on Thursday, August 5: The dollar is up after US Federal Reserve Vice-Chair Clarida said that if core inflation hits 3% this year, he would consider it “much more” than a moderate overshoot. He added that he expects conditions for raising interest rates to be met by the end of 2022 if inflation and employment outcomes meet his forecasts. Additionally, the ISM Services PMI jumped to 64.1 in July, beating expectations. The ADP survey, however, showed that the private sector added just 330K in July. On Thursday, the focus will be on the Bank of England. The central bank is having a