Fed's Bostic: Want to avoid volatility from the balance-sheet runoff
Source Fxstreet
Atlanta Federal Reserve Bank President Raphael Bostic said on Monday that he wants to avoid volatility from the balance sheet runoff.
Bostic added that he expects the US economy and inflation to slow gradually and repeated that he anticipates the US central bank to lower the policy rate once this year.
On Friday, he noted that inflation was falling more slowly than anticipated, with many items recording outsized price increases.
Market reaction
These comments failed to trigger a noticeable market reaction. At the time of press, the US Dollar Index was down 0.2% on the day at 104.22.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on July 30, gold prices ( XAUUSD) surged and then retraced following the Federal Reserve meeting, once falling to $4,028.62 during the session. From a market persp
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.80 during the early Asian trading hours on Thursday. WTI falls amid some profit-taking despite escalating conflicts in the Middle East.
With the FOMC rate decision looming, the US SEC Chairman's support for the CLARITY Act has a very limited impact on the crypto market.On July 29, US SEC Chairman Paul Atkins voiced suppor
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains strong positive traction during the Asian session on Wednesday, snapping a three-day losing streak to an over two-week low touched the previous day.
The Federal Reserve will announce its July interest rate decision on July 29, Eastern Time. The current target range for the federal funds rate remains at 3.5%-3.75%, but the suspense sur
