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3 Mar 2021

Fed's Evans: Fed has tools to fight both high and low inflation

Chicago Federal Reserve Bank President Charles Evans said on Wednesday that the Fed is not going to even think about tapering asset purchases until they see a further substantial improvement, as reported by Reuters.

Additional takeaways

"Fiscal support will help us, the Fed policy is accommodative and that's appropriate."

"The Fed has the tools to fight both high and low inflation but it's harder to fight low inflation."

"The Fed does not look much at monetary aggregates, maybe not at all."

Market reaction

The US Dollar Index showed no immediate reaction to these remarks and was last seen gaining 0.12% on the day at 90.90.

Mar 3, 2021

Mexico: Banxico forecasts 2021 GDP growth of 4.8%

In its latest forecasts, the central bank of Mexico (Banxico) said on Wednesday that it expects the Gross Domestic Product (GDP) to expand by 4.8% in

Fed's Biege Book: Most businesses remain optimistic regarding the next 6-12 months

The Beige Book is a report that is published eight times per year whereby each Federal Reserve Bank gathers anecdotal information on current economic