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Bostic: The Fed is likely to consider rate cuts soon, but doesn't face urgency
Federal Reserve Bank of Atlanta President Bostic: • Fed does not face urgency to cut rates given current economy. • Strong economy argues for patience in adjusting monetary policy. • Fed likely to soon contemplate cutting rates. • Inflation likely to decline more slowly than markets expect. • Fed has made solid progress in lowering inflation. • U.S. economy is in a ‘good spot’. • Unlikely January CPI signals big change in trend of weakening inflation. • Sees case U.S. economy less sensitive to interest rate changes. • ‘Fight is not finished’ on getting inflation back to 2%. • Job market is ... (full story)
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- Posted: Feb 15, 2024 6:53pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 3,614
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