Tim Mazanec Hikes Quotations

We are getting a consistent view from the Fed now that they are somewhat worried about the risk of a higher inflation rate. That is going to cause more rate hikes to come and higher yields will help the dollar.

The price index came in higher and that kind of confirms expectations for at least two more rate hikes from the Fed.

That really backed up the fact that strength is still expected in the economy, which means more rate hikes to keep inflation at bay, so that has supported the dollar this afternoon.