Fed's Bostic: Still at three total interest rate increases for the year

Eren Sengezer FXStreet

Atlanta Federal Reserve bank president Raphael Bostic is delivering additional comments, via Reuters, with key quotes found below.

Still at three total interest rate increases for the year.
Putting a lot of work into researching metrics to show when economy approaching neutral rate.
Cannot be cavalier about possible yield curve inversion given market attention to it.
Not a stretch that the economy needs no monetary stimulus at this point.
Fed press conferences every FOMC meeting "a good thing" to ensure markets view every meeting with equal weight.
Fed's expected overshoot of 2.1 percent inflation in coming years is not materially different from the target of 2 pct.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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