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1 Jun 2017

Fed’s Powell: Inflation still on track for 2% target

Federal Reserve's Governor Jerome Powell is speaking on CNBC, suggesting that he still sees the inflation moving towards the Fed's 2% target rate.

Key quotes (via Reuters):

Tax cuts would affect economy in 2018
Watching inflation very carefully
We're on the path to higher inflation, particularly given spending and jobs data

Jun 1, 2017

US Dollar stays above 97.00 post-ISM

The US Dollar Index – which tracks the buck vs. its main competitors – keeps the firm note so far today, holding on to levels above the 97.00 handle.

United States EIA Natural Gas Storage change registered at 81B above expectations (78B) in May 26