Federal Reserve (Fed) Governor Michael Barr said on Thursday that the economy has remained resilient through a series of shocks, but those have complicated the central bank reaching its 2% inflation goal.
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Market Reaction:
The comments remain supportive of the bid tone surrounding the US Dollar (USD), which continues to be underpinned by persistent geopolitical uncertainties stemming from the Middle East conflict.
Source: https://www.fxstreet.com/news/feds-barr-iran-oil-price-shock-could-shift-inflation-expectations-and-delay-rate-cuts-202603270026
