Fed's Bostic: Volatility in inflation expected in turbulent times

Eren Sengezer FXStreet

Atlanta Federal Reserve President Raphael Bostic said on Wednesday that the US is in a turbulent time and added that volatility in inflation is expected, as reported by Reuters.

"Workers are stepping back and reflecting on the quality of jobs, relationship with the workplace," Bostic noted and reiterated that the Federal Reserve would notice if inflation were to develop in troubling ways. "Most businesses do not expect price pressures to persist but the economy is still in a transitional phase."

Market reaction

These comments don't seem to be having a significant impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was up 0.63% on the day at 90.73.

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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