"Recent commentary warning of a possible decline in the status of the U.S. dollar raises concerns about the effects of sanctions against Russia, U.S. political dysfunction, the rise of digital assets, and China's efforts to bolster usage of the renminbi," Waller said in remarks prepared for delivery to a conference sponsored by the Global Interdependence Center and the University of the Bahamas in Nassau. But none of those concerns has translated to a notable decline in the dollar's "outsized" role in the world economy, he said. Indeed, increased use of digital assets like stablecoins, which are overwhelmingly tied to the dollar, tends to increase the U.S. currency's international profile, Waller noted.
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to extend the rebound from Tuesday's sell-off seen during Wednesday's session.
U.S. Consumer-Price Index Suggests Uneven Path Back to 2% Inflation By James Christie Good day. U.S. consumer prices rose 3.1% in January from a year earlier, marking the lowest reading since.
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