Free Trial
CNH

USD/CNH Eyeing Break Back Below 6.7800

AUD

A$ Rallies On More Hawkish RBA Outlook

USDCAD TECHS

Bounce Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: Bostic Anticipates More Fed Hikes Will Be Needed

(MNI) WASHINGTON

Atlanta Fed President says "sufficiently restrictive" policy will mean indicators show broad-based easing of inflation.

Atlanta Fed President Raphael Bostic said Tuesday the central bank will need to continue to hike the fed funds rate as it appears tighter money has not yet constrained business activity enough to seriously dent inflation.

In an essay titled “On Long and Variable Lags in Monetary Policy,” Bostic says a large body of research suggests it can take 18 months to two years or more for tighter monetary policy to materially affect inflation but pointed out another school of thought indicates the lags may be shorter.

Keep reading...Show less
305 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Atlanta Fed President Raphael Bostic said Tuesday the central bank will need to continue to hike the fed funds rate as it appears tighter money has not yet constrained business activity enough to seriously dent inflation.

In an essay titled “On Long and Variable Lags in Monetary Policy,” Bostic says a large body of research suggests it can take 18 months to two years or more for tighter monetary policy to materially affect inflation but pointed out another school of thought indicates the lags may be shorter.

Keep reading...Show less