FOMC Members' Hawkish Shift Justified Amid Economic Strength, Analyst Says

Analyst Audrey commented on April 30, according to Jin10, that the recent strong economic performance and rising energy prices leading to persistent inflation justify the 'noticeably hawkish' shift by some FOMC members. 'From the perspective of the U.S. dollar,' she noted, 'this indicates that the bearish expectations driven by Federal Reserve policies and yields are incorrect, while confirming that the bullish price trends observed so far are justified.'