- Analytics
- News and Tools
- Market News
- Fed's Bostic: No urgency for the Fed to do anything more
Fed's Bostic: No urgency for the Fed to do anything more
Commenting on the Federal Reserve's (Fed) policy outlook, "I am not in a hurry to raise, not in a hurry to reduce either," Atlanta Fed President Raphael Bostic said. "I am willing to be patient. I don't think there is an urgency for us to do anything more," he added.
Additional takeaways
"Fed is in restrictive territory and that is helping inflation fall."
"Fed still has a ways to go to get inflation back to target."
"Question now is how fast the economy will slow."
"As long as expectations don't spike, the Fed can afford to be patient."
"Fed should be on hold for a long time."
Once the Fed has chosen an inflation target, it has to stick with it."
"There may be reasons to reconsider the 2% target, but that will be a whole exercise that must come after reaching 2%."
Market reaction
The US Dollar Index holds steady near 107.00 in the American session on Tuesday.
© 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
