Atlanta Federal Reserve Chairman Raphael Bostic, told the Financial Times on Tuesday that the slowdown in the US labor market should not spell out the Fed’s downsizing schedule, as reported Reuters.
Featured statements
“The job market had made enough profits to allow the central bank to cut, or cut, its $ 120 billion a month asset purchase program.”
“It would be comfortable to start reducing the asset purchase program in November.”
“Progress has been made to begin to liquidate asset purchases.”
“There is significant uncertainty about how long inflationary pressures will last.”
Market reaction
The US Dollar Index retains its bullish momentum following these comments and was last seen trading at a fresh 12-month high of 94.51.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
