Fed's Bowman: Expect we will continue to raise interest rates

Federal Reserve (Fed) Governor Michelle Bowman said on Monday that they still see a very strong labor market but added that there isn't much moderation in inflation as they would like, as reported by Reuters.

"It is possible we will still be able to achieve a soft landing," Borman added and said that she expects the Fed will continue to raise interest rates, pointing out there will be a lot of data releases between now and the next policy meeting.

Market reaction

These comments don't seem to be having a significant impact on the US Dollar's performance against its major rivals. As of writing, the US Dollar Index was up marginally on the day at 103.65.