Fed's Barkin: Fed made substantial further progress towards taper benchmark

Richmond Federal Reserve Bank President Thomas Barkin noted on Monday that the US Federal Reserve has made substantial further progress towards the taper benchmark, as reported by Reuters.

Barkin further added that the focus on the labour side should be on the employment-to-population ratio.

Market reaction

The USD continues to outperform its major rivals following these comments. As of writing, the US Dollar Index was rising 0.18% on a daily basis at 92.95. Meanwhile, the S&P 500 Index is down 0.09% at 4,432.