- Analytics
- News and Tools
- Market News
- Fed's Bostic: Moving too dramatically could undermine positive aspects of economy
Fed's Bostic: Moving too dramatically could undermine positive aspects of economy
Atlanta Fed President Raphael Bostic said on Friday that June's 75 basis points rate hike was a "big move" and added that the Fed wants policy transition to be orderly, as reported by Reuters.
Additional takeaways
"No historical context for what the US is facing today."
"Source of both higher aggregate demand and hiring, other supply difficulties, rooted in pandemic."
"Trying to get out of the business of looking too far ahead on policy, given the number of surprises on inflation, other data."
"Moving too dramatically could undermine positive aspects of the economy, add to the uncertainty."
"Approach Fed is taking now gives highest likelihood of success."
Market reaction
The US Dollar Index stays on the back foot after these comments and was last seen losing 0.5% on a daily basis at 108.12.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
