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Fed's Bostic: I'm ready to move away from 75 bps increments at the December meeting

Fed's Bostic: I'm ready to move away from 75 bps increments at the December meeting
  • Expects additional total tightening of 0.75-1.00 percentage points
  • Until inflation is on track to 2%, Fed needs to resist temptation for rate cuts
  • "Landing rate" could be higher but once reached fed should allow some time to pass before further increases

Powell just scheduled a speech for November 30, just before the FOMC blackout. I imagine we'll get a signal like this.

This article was written by Adam Button at forexlive.com... Read More
Posted: Nov 19 2022, 20:53
Author Name: forexlive
Views: 111845

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