Federal Reserve (Fed) Vice Chair (for supervision) Michael Barr said on Friday, “we are likely at or near the peak of where we need to be on interest rates.”
There are no further comments from the Fed official, thus far.
Market reaction
The US Dollar Index has entered a phase of consolidation near an intraday low of 104.02. The index is down 0.21% on the day.
Source: https://www.fxstreet.com/news/feds-barr-we-are-likely-at-or-near-the-peak-of-where-we-need-to-be-on-interest-rates-202311171420