Fed's Bostic: I don't see as much urgency to move as stated by others


"I don't see as much urgency to move as stated by others, including my Chair," Atlanta Federal Reserve President Raphael Bostic told reporters regarding future rate increases, as reported by Reuters.

Key takeaways

"We've only been in restrictive territory for 8-10 months, just at beginning stage of what tightening should look like."

"I'm looking for more signs that a slowdown is happening in the next several months."

"If that happens, I think we can get back to our target with a minimum of economic dislocation."

"If inflation moves away from target or seems to significantly stall, then we'll probably have to do more."

"We're not seeing that or move in inflation expectations so I'm comfortable waiting."

"Firms exposed to debt financing are going to have to be more nimble, implications for housing, commercial real estate."

"Not hearing a lot in surveys that increased cost of capital is putting a strain on businesses."

"Core inflation has plateaued, signs underneath it might actually still have some improvement coming."

"There are measures today suggesting that inflation has started to really get much more into range of normal."

"There are undoubtedly scenarios where we could move at two meetings in a row, not expecting that will happen."

"If that's what is needed, we'll do what needed."

"Nobody should take a signal from my view that we should pause that I'm less concerned about high inflation."

"Have heard a decided change from employers in last eight weeks, labour markets not as horrifically tight."

Market reaction

The US Dollar came under modest bearish pressure following these comments and the US Dollar Index was last seen losing 0.15% on the day at 102.82.

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD catches a ride on broad-market Greenback weakness

EUR/USD catches a ride on broad-market Greenback weakness

EUR/USD drifted up in a mild recovery from last Friday’s dip into 1.0670. The new trading week is kicking things off with risk appetite firmly pinned higher, sending the US Dollar lower and bolstering the Euro as investors head into a relatively quiet Tuesday.

EUR/USD News

GBP/USD rises to 1.2700 nearing 14-day EMA

GBP/USD rises to 1.2700 nearing 14-day EMA

GBP/USD extends gains for the second successive session, trading around 1.2700 during early Tuesday. Analysis of the daily chart shows a broadening bottom pattern in price action, representing increasing volatility. This chart pattern suggests a potential correction before moving lower.

GBP/USD News

Gold struggle extends above $2,300, with Fedspeak on tap

Gold struggle extends above $2,300, with Fedspeak on tap

Gold price is reversing a part of Monday’s rebound, as sellers fight back early Tuesday amid a risk-on market profile. The US Dollar nurses losses alongside the US Treasury bond yields, undermined by the dovish commentaries from Federal Reserve policymakers.

Gold News

Tron price primed for a surge after breaking descending trendline barrier

Tron price primed for a surge after breaking descending trendline barrier

Tron price has surged above and retested the descending trendline, indicating a bullish market structure. On-chain data reveals increasing activity among TRX active accounts, suggesting heightened blockchain usage that may fuel an impending rally in Tron’s price.

Read more

Trading the week ahead

Trading the week ahead

Starting Tuesday, we're watching the Canadian CPI print closely. The Bank of Canada's recent minutes suggested hesitation about the last rate cut, hinting they might delay further cuts. This makes the upcoming inflation data crucial.

Read more

Forex MAJORS

Cryptocurrencies

Signatures