Original Content: www.fxstreet.es/news/fed-es-probable-que-el-progreso-de-eeuu-en-materia-de-inflacion-se-desacelere-raphael-bostic-202401160659
Atlanta Federal Reserve (Fed) President Raphael Bostic said over the weekend that inflation could “see a swing” if policymakers cut interest rates too soon, warning that The fall in inflation towards the central bank's 2% target is likely to slow in the coming monthsaccording to the Financial Times.
Key comments
“There are some risks that inflation stagnates completely.”
“Inflation must be firm and secure returning to our 2% target.”
“It would be a bad result if we started to relax and inflation started to go up and down like a see-saw.. “That would undermine people's confidence in where the economy is headed.”
“The markets listen to what we say, our rate cut projections have been pretty clear“.
“It will be very interesting to see the extent to which the Middle East conflict and attacks on container ships are starting to appear in the cost structure for companies in my district.”
“If we look at our employment mandate, we are firmly achieving it today“.
“But that's not the case for price stability.”
“There are signs that some segments of the economy have weakened.”
“Today we really haven't seen any movement in the money markets that suggests we are close to a scenario where we no longer have ample reserves.”“Clearly at some point, there will be a sign that we will approach that threshold, and we will have to think something.”
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.
