Fed's Bostic: labor is good, but inflation still needs monitoring
Source Fxstreet
Federal Reserve (Fed) Bank of Atlanta President added his own soundbites to the noise machine of Fed headlines on Wednesday, noting that despite still-strong labor figures, US inflation continues to remain a sticking point, especially after US Consumer Price Index (CPI) inflation figures ticked higher in January.
Key highlights
The labor market is performing incredibly well.
The latest inflation numbers show careful monitoring still needed.
The deployment of AI will likely mean fewer workers are needed in some industries.
GDP more resilient than expected.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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It’s a big day for the UK and the pound. Chancellor Rachel Reeves is expected to deliver her budget address at 12.30 GMT.
