Data does not back Bullard's 'dollar strengthening' observations: ; Interest rates cannot rise so fast after all:

(St. Louis Fed President James Bullard had said that the U.S. central bank should drop the word “patient”  ) 

Data released by the U.S. Bureau of Labor Statistics:

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS:

In the week ending February 21, the advance figure for seasonally adjusted initial claims was 313,000, an increase of 31,000 from the previous week's revised level.  

The 4-week moving average was 294,500, an increase of 11,500 from the previous week's revised average.  

Consumer Price

The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.7 percent

 in January on a seasonally adjusted basis. Over the last 12 months, the all items index decreased 0.1   percent before seasonal adjustment.

 The energy index fell 9.7 percent as the gasoline index fell 18.7 percent in

 January, the sharpest in a series of seven consecutive declines.  

The dollar cannot strengthen with this data; and unless employment falls to be on track, interest rates cannot seem to rise. 

Views Expressed without any risk or responsibility