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

THE BEST FOREX TRADING STRATEGY [ SIMPLE & EFFECTIVE ]
Major European indices in the day with modest gains
Trade ideas thread – Thursday, 24 November 2022
Oil prices fall more than 3% on Russian oil price cap talks
Sterling Rises Broadly, Shrugging Weak PMI Data