May 17, 2024 16:52 GMT
Bowman – Labor Market Re-Balancing Has Slowed
FED
Credit BulletsEM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsMetals bulletCreditEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fed Governor Bowman (voter) has released unscheduled remarks ahead of a banking-focused event. Full remarks here.
- "As I've noted recently, my baseline outlook continues to be that inflation will decline further with the policy rate held steady, but I still see a number of upside inflation risks that affect my outlook."
- She repeats that she’s willing to hike if inflation stalls or reverses.
- She sees policy as being restrictive but is monitoring to see if its sufficiently so.
- “Although we have seen signs that the labor market is coming into better balance, progress has slowed.”
- "With average core consumer price index (CPI) inflation this year through April running at an annualized rate of 4.3%, well above average inflation in the second half of last year, I expect inflation to remain elevated for some time,"
130 words