Fed's Bostic: Comfortable moving at 25 basis points – by fx_ross Fed DollarIndex Currencies
who said on Monday that it is ''fair to say that the Fed is willing to overshoot,'' is now saying that he would be comfortable moving at 25 basis points if conversations with business leaders are consistent with slowing inflation. He said that the signs of slowing wage increases "also positive".
"It really suggests inflation is moderating and that gives me some comfort that we might be able to move more slowly," Bostic said in an interview on CBS News' Prime Time with John Dickerson.Would be comfortable moving at 25 basis points if conversations with business leaders are consistent with slowing inflation.Economy still producing more than 200k a month, means a lot of momentum in the economy; baseline is economy will not see significant job dislocation.
Funds rate ceiling up to 5.25%. However, the swaps market continues to price in an easing cycle by year-end and we just don’t see that happening,'' the analysts added. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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