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Fed's Bostic: Pressing ahead now with additional rate increases could needlessly drain momentum from the economy
FED'S BOSTIC: PRESSING AHEAD NOW WITH ADDITIONAL RATE INCREASES COULD NEEDLESSLY DRAIN MOMENTUM FROM THE ECONOMY.
— Breaking Market News (@financialjuice) June 21, 2023
Added at 2:04pm
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FED'S BOSTIC: SOME FURTHER SLOWING OF LABOR MARKET MAY BE NECESSARY FOR INFLATION TO RETURN TO 2%, FED NEEDS TO BE RESOLUTE IN KEEPING POLICY TIGHT.
— Breaking Market News (@financialjuice) June 21, 2023
Added at 2:04pm
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FED'S BOSTIC: MAINTAINING CURRENT BENCHMARK RATE AS INFLATION FALLS WILL BE PASSIVE TIGHTENING OF REAL RATE THAT WILL STILL AID IN FIGHTING INFLATION.
— Breaking Market News (@financialjuice) June 21, 2023