A jump in customer prices to a thirty-yr high, blended with the fret that prices would remain elevated for any duration that stretches the boundaries of “transitory” — the Fed’s desired descriptor — has induced criticisms that Powell isn't currently being proactive more than enough while in the battle https://financefeeds.com/global-fx-market-summary-strong-us-nonfarm-payrolls-data-weakening-euro-ecb-june-7-2024/