Stock Groups

high inflation to fall as supply bottlenecks addressed By Reuters


© Reuters. FILEPHOTO: Chicago Federal Reserve Bank President Charles Evans views the Global Interdependence Center Member Delegation Event, Mexico City, Mexico on February 27, 2020. REUTERS/Edgard Garrido

(Reuters) – Chicago Federal Reserve Bank President Charles Evans said Tuesday that he believes supply bottlenecks continue to drive most recent inflation. He also stated that although it may be higher than originally thought and last longer, it will eventually subside.

Evans spoke with CNBC in an interview. He said that inflation is expected to reach 3.5% to 4% this year. Evans reiterated his belief, as did most Fed policymakers that the U.S. central banks is nearing the point where it will start reducing monthly assets purchases. It would not surprise if this taper was completed by the mid-2022, or even the fall.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.