VOT Research Desk
Even if we are slowing down the rate of rate increases, we are likely going to have a slightly higher peak Fed policy rate Chicago Fed President Charles Evans said on Friday, according to Reuters.
Evans stated that they are on a road to making financial conditions properly restrictive to get inflation down to 2%” and that they are in a good position to be reviewing some fairly noticeable progress on inflation.
Following these comments, the US Dollar Index managed to maintain small recovery gains and was last noted up 0.32% for the day at 105.05.
