Fed’s Bowman: More big rate hikes on table if inflation will not cool

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Federal Reserve Governor Michelle Bowman said on Wednesday that if high inflation does not start to wane she will continue to support aggressive rate rises aimed at taming price pressures, reported Reuters.

Following the news, the US dollar seems to be picking up the bids as prices of the most active pairs in the early Asian session, like AUD/USD, eased after the release. That said, the Aussie pair was last seen retreating from the intraday high to 0.6270.

Also read: AUD/USD braces for key inflation numbers below 0.6300 amid sluggish markets

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