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Bostic - Good Progress On Inflation But Still A Ways To Go

FED

Atlanta Fed's Bostic (’24 voter) speaks on local radio, still seeing a ways to go on inflation. The remarks are broadly in line with his last main appearance from Jan 19 when he said he wants to make sure we’re well on the way to 2% inflation before cutting.

  • INFLATION HAS MADE GOOD PROGRESS BUT STILL A WAYS TO GO – bbg
  • NEED TO BE RESOLUTE, STAY THE COURSE TO GET TO TARGET – bbg
  • U.S. ON A PATHWAY TO GET BACK TO PRE-PANDEMIC ECONOMIC STRENGTH; WANT TO AVOID A NEW SPIKE OF INFLATION - RTRS
  • BUSINESSES SAY BIGGEST CHALLENGES ARE FINDING EMPLOYEES AND AFFORDABLE HOUSING - RTRS
  • DATA SUGGEST REAL WAGE GAINS WILL CONTINUE FOR SEVERAL MORE MONTHS - RTRS
  • BANKS IN SOUTHEAST AWARE OF RISKS, PREPARED FOR THEM - bbg
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