MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Atlanta Fed’s Bostic Doesn’t See Easing Talk Until Well Into 2024

FED

Atlanta Fed’s Bostic has just given an interview and made it clear that the inflation goal has yet to be met. While he is an alternate member this year, he joins the FOMC in 2024. If his sentiments are shared by the current committee members, then the June and July meetings are still live and the market’s expectation of a rate cut by year end is premature.

  • Bostic said that the best case is that the Fed won’t consider rate cuts until well into 2024. He also commented that the data will be guiding the Fed on future decisions and as such that it doesn’t want to be locked into a “particular rate move”.
  • The US is not yet close to the inflation goal and so the Fed should stay focussed on what it is aiming to achieve. He expects that there will be some labour stress as inflation moderates, but that is less problematic to the economy than not getting inflation back down to 2%.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.