- Analytics
- News and Tools
- Market News
- Fed's Bostic: Economy near normal, sustainable path to price stability
Fed's Bostic: Economy near normal, sustainable path to price stability
Atlanta Federal Reserve President Raphael Bostic is speaking about the economic outlook and monetary policy at the University of London. His dovish comments align with the latest Federal Reserve’s (Fed) decision to trim the benchmark interest rate by 50 basis points (bps).
Key takeaways
“Businesses are becoming more careful in hiring but not considering layoffs.”
“The economy is effectively near conditions that would be considered normal.”
“Price increases have narrowed and become concentrated in housing.”
“Risks to the labour market have increased, with the possibility of broad weakness higher than a year ago.”
“A half-point cut at this meeting does not lock in a cadence for future rate cuts.”
“Recent data show convincingly that the US is on a sustainable path to price stability.”
“Business leaders say pricing power has all but evaporated.”
“Low recent levels of some recent inflation indicators portends well.”
“The Fed is now facing two, largely balanced risks.”
Market reaction
The US Dollar (USD) remained under mild selling pressure after the news, but it barely reacted, as the focus remains on United States (US) PMI figures scheduled for after Wall Street's opening.
© 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
