Concern about the high global inflation levels and the tightening of monetary policy by the central banks, keep focus for the investors narrative. Jerome Powell, chairman of the FOMC declared that efforts will be focused on containing price growth, as it is far too dangerous in the long run to leave price levels as they are, because it will cause a most serious recession. He also stated that the main challenge is labor shortages. Despite recently low inflation data, the market is expecting an increase of 75 basis points for the next FOMC meeting, on the september 22. Also is important to note that for the US economy path the consensus is on a “soft landing”, as the growth expectations remains in 1.7% for 2022. In that context, we expect a dollar (USD) keep a bullish trend for the coming months.
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