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
As of Tuesday's Asian session (November 10), gold prices (XAUUSD) pulled back slightly today after surging on Monday, falling about 0.56% intraday to trade near $4,120. Earlier, gold rose
Nvidia fell 4.3% on a day the Nasdaq rose 2.7% — this is a governance discount, not an AI warningNvidia closed at $178.67 on November 9, down 4.27% with an intraday low of $170.24, while the Nasdaq rose 2.74% and the Philadelphia Semiconductor Index jumped 6.85%. Volume was roughly 2.5 times the prior session. The board opened an independent review after CEO Jensen Huang's public statement about his personal life. With Q3 earnings on November 17, the two levels that matter are $170.24 and $200."
Nvidia closed at $178.67 on November 9, down 4.27% with an intraday low of $170.24, while the Nasdaq rose 2.74% and the Philadelphia Semiconductor Index jumped 6.85%. Volume was roughly 2.5 times the prior session. The board opened an independent review after CEO Jensen Huang's public statement about his personal life. With Q3 earnings on November 17, the two levels that matter are $170.24 and $200."
China's factories are pricing in 5.7%. Its shoppers are pricing in 0.7%.China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
US President Donald Trump says military action against Iran doesn't seem to be necessaryUS President Donald Trump said that further strikes on Iran wouldn’t be necessary, but the US remains “locked and loaded,” Bloomberg reported on Monday. Trump added that there is "positive momentum" towards an end to the Iran war.
US President Donald Trump said that further strikes on Iran wouldn’t be necessary, but the US remains “locked and loaded,” Bloomberg reported on Monday. Trump added that there is "positive momentum" towards an end to the Iran war.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 10, 2026. Read on for the details.
