Fed's Cook flags oil price as key risk as she watches inflation expectations closely
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Fed Governor Cook says she is closely watching inflation expectations and oil prices, warning that crude moving in the wrong direction would be problematic, while also monitoring downside risks to the labor market. Summary: Source: Federal Reserve Governor Lisa Cook, follow-up co
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Lead — The desk interprets John Williams' recent remarks as a signal of cautious optimism regarding inflation, with longer-term expectations remaining stable despite near-term pressures. Per the full note [source], Williams emphasized that the labour market is not currently a source of inflationary pressure, which supports the Fed's current stance of watchful patience. This aligns with our consensus target of 1.075 for the USD/EUR pair, as traders await clearer signals from the Fed. The upcoming economic data releases may provide further clarity on inflation trends.