Fed policymakers' comments on policy outlook will be scrutinized by investors this week. Markets see a waning probability of a Fed policy hold in September. Fed rate outlook could influence the US Dollar's performance against its major rivals. Federal Reserve policymakers are scheduled to deliver speeches throughout this week as investors reassess the interest rate outlook following the April Consumer Price Index data.
Cleveland Fed President Mesteremphasized that maintaining the current levels of Fed policy will aid in returning still-elevated inflation to the 2% target. Richmond Fed President Thomas Barkin told CNBC last Thursday that the latest Consumer Price Index data showed that inflation was not where the Fed is trying to get. Finally, New York Fed President Williams argued that there was no need for a rate cut in the near term.
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