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Fed's Bostic says would be happy to hike by 25bp if business contacts confirm slower CPI

Fed's Bostic says would be happy to hike by 25bp if business contacts confirm slower CPI

Federal Reserve Bank of Atlanta President Raphael Bostic

  • Inflation report today was welcome news and may allow the Fed to move more slowly
  • Would be comfortable moving at 25 basis points if conversations with business leaders are consistent with slowing inflation
  • Signs of slowing wage increases "also positive"
  • 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<... Read More
Posted: Jan 13 2023, 00:26
Author Name: forexlive
Views: 110745

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