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Fed's Bostic: I am pleased with inflation progress in April but the Fed is not yet there
FED'S BOSTIC: I AM PLEASED WITH INFLATION PROGRESS IN APRIL BUT THE FED IS NOT YET THERE.
— FinancialJuice (@financialjuice) May 16, 2024
Added at 4:08pm
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FED'S BOSTIC: THERE IS STILL A LOT OF PRICING PRESSURE IN THE ECONOMY.
— FinancialJuice (@financialjuice) May 16, 2024
Added at 4:12pm
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*BOSTIC: CPI NUMBER CAME IN LOWER THAN 3-MO. AVG. FOR THIS YEAR
— Cable FX Macro (@cablefxmacro) May 16, 2024
*BOSTIC: SHELTER CAME IN HIGH BUT ITS LOWEST SINCE MID-2021
*BOSTIC: FIRMS CAN'T 100% PASS THROUGH PRICES, ECONOMY SLOWING
Added at 4:12pm
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FED'S BOSTIC: I AM HEARING BUSINESSES SAY THEY ARE AT THE LIMITS OF PRICING POWER AND NOT ABLE TO FULLY PASS-THROUGH INPUT COSTS.
— FinancialJuice (@financialjuice) May 16, 2024
Added at 4:13pm
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FED'S BOSTIC: IT COULD BE APPROPRIATE TO REDUCE RATES TOWARD YEAR END.
— FinancialJuice (@financialjuice) May 16, 2024