Fed's Bostic: Rate hike shouldn't be required to reach 2% inflation goal
Source Fxstreet
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic noted on Thursday during an interview with Fox Business that the Atlanta Fed head doesn't believe further rate hikes should be required to reach the Fed's 2% annual inflation target.
Key highlights
The inflation outlook will come down very slowly.
The Fed needs to stay in a restrictive stance.
I don't think a rate hike will be required to reach the 2% goal.
The economy continues to grow, but it's growing at a slower pace.
I expect to reach the inflation goal without an unemployment jump.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Gold returns to the $5,000 mark as Bitcoin prices weaken to hit new lows; what is the future outlook?During the Asian session on Wednesday (February 4), gold ( XAUUSD) prices continued to
Gold (XAU/USD) attracts follow-through buying for the second consecutive day and surges past the $5,000 psychological mark during the Asian session on Wednesday amid the global flight to safety.
Where is the Bitcoin bottom? Can you buy the dip now? Cathie Wood suggests swapping gold for Bitcoin.On Tuesday (February 3), panic in the crypto market eased as Bitcoin ( BTC) prices reb
Bitcoin’s two-year rolling MVRV z-score has dropped to its lowest level ever, pointing to extreme undervaluation.
Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
