Fed's governor Bowman: U.S. growth maybe faster then Fed policymakers' March projections - Reuters

Market news

5 May 2021

Fed's governor Bowman: U.S. growth maybe faster then Fed policymakers' March projections - Reuters

Says unemployment rate by year-end may be below current Fed median projection of 4.5%
Still sees a small risk of persistent inflation outbreak despite increases anticipated this year
Expects unusually strong job growth through the summer
Coronavirus risks and associated restrictions continue to ease, though risk still remains
Expects U.S. labor force participation to be rebound as schools and childcare reopen and expand hours

Boston Fed president Rosengren: Current policy will remain accommodative until the labor market can consistently help deliver on the Fed's 2% inflation goal

EIA’s report reveals much-bigger-than-expected drop in U.S. crude oil inventories

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