🔵Good morning. Here are the most important developments:
🔷Christopher Waller, in an interview this morning, stressed the need to be patient regarding lowering interest rates.
🔷 Waller said that the inflation data surprised everyone and this requires maintaining tight monetary policy for a longer period.
🔷These statements are positive for the US dollar, even after a while. We must mention that Waller is a member of the Federal Reserve Board, meaning that he has permanent voting rights in Fed meetings, which makes his statements important for the markets.
🔷Today will be very important as the markets await the release of the US GDP statement at 12:30 GMT, and this statement will indicate to us the strength of the US economy.