In the Asian session on Monday (April 10), the U.S. dollar index rose, with the latest price of the U.S. dollar at 102.12, an increase of 0.02%. Fed Governor Cook said that the Fed is concerned about inflation and the job market is doing well; it needs to pay more attention to credit channels; the labor market is still tight and the impact of inflation can still be seen.
Fed Bullard said the Fed can continue to take monetary policy to fight inflation. Inflation is expected to be more sticky, while the labor market is strong and rates need to be above 5%.
Mester said that it is too early to judge whether the Fed will raise interest rates in May, and it is expected that interest rates will increase slightly and then remain unchanged; the tension in the banking industry has increased the uncertainty of interest rate trends; slowdown; the duration and extent of the impact of the banking turmoil is unclear.
