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Fed's Kaplan: Fed should start talking about tapering bond-buying soon

Dallas Federal Reserve Bank President Robert Kaplan said on Friday that he expects to see a surge in prices of more than 2.5% or 2.75% in coming months, as reported by Reuters.

Additional takeaways

"Getting less-educated workers back to the workforce and back to jobs is a challenge during the recovery."

"Factors pushing up inflation include base effects, demand-supply imbalances, fiscal policy."

"Haven't changed my view that rates should start to rise in 2022."

"Seeing excesses and imbalances in financial markets."

"Fed should start talking about tapering bond-buying soon."

Market reaction

The US Dollar Index edged modestly higher on these remarks and was last seen gaining 0.33% on the day at 90.93.

United States Michigan Consumer Sentiment Index registered at 88.3 above expectations (87.5) in April

United States Michigan Consumer Sentiment Index registered at 88.3 above expectations (87.5) in April
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US: UoM Consumer Sentiment Index improves to 88.3 in April vs. 87.5 expected

The Consumer Sentiment Index in the US improved to 88.3 (final) in April from 84.9 in March, the University of Michigan's latest Surveys of Consumers
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