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
The Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
With the US government shutdown causing key data releases to be postponed, Powell's comments could influence the US Dollar's valuation in the near term.
Metaplanet’s valuation metric, mNAV, briefly dipped below 1.0, signaling a market discount relative to its Bitcoin assets.
Bitcoin price edges below $112,500 on Wednesday, struggling to extend its rebound amid renewed macroeconomic headwinds.
