Commenting on the policy outlook, Atlanta Federal Reserve President Raphael Bostic said on Wednesday that they could see a decision on asset tapering in the next three-to-four months, per Reuters.
Bostic further noted that he is one of the seven policymakers who see a liftoff in the policy rate in 2022 before two more hikes in 2023 and added that he revised his 2021 inflation forecast higher to 3.4%.
Market reaction
The US Dollar Index edged higher following these hawkish remarks and was last seen gaining 0.08% on a daily basis at 91.78.