Ex-Fed’s Rosengren: Expect a hawkish skip this week

Former President of Bosteon Federal Reserve Bank, Eric Rosengren, tweeted early Monday, sharing his view on the upcoming Fed interest rates decision.

Key quotes

“Expect a hawkish skip this week.”

“FOMC participants will be providing their summary of economic projections.”

“Those projections are likely to show a hawkish dot plot reflecting still sticky inflation and tighter labor markets - tighter than many had previously expected.”

Market reaction

The US Dollar Index is consolidating the previous rebound at around 103.60, adding 0.04% on the day.