Federal Reserve Bank of Atlanta President Raphael Bostic warned Thursday that the inflation outlook may not soften as quickly as market participants expect.
Featured Statements
I wouldn't be surprised if it took longer to reach 2% inflation in the US than in the rest of the world.
There is considerable upward pressure on prices, we are not past the point of concern.
We may have to be more patient to avoid heating up the economy.
We are not in danger of falling into a more contractionary environment.
Job growth has been robust, which reassures me to stay at more restrictive levels.
Low-cost debt makes people less sensitive to rate rises.
Households and homeowners have locked in low rates, limiting the economy's sensitivity to Fed policy rate hikes.
The post-pandemic economy may be less sensitive to rates.
Inflation figures suggest that it is returning to 2%, but that it is going slowly.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
