Free Trial

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 BRIEF: Fed's Bostic Says Inflation Rises Should Recede


Atlanta Fed President Raphael Bostic said most of the recent inflation gains should recede, speaking Wednesday after annual consumer prices rose 5.4% for a second month in July.

"I expect price inflation to average close to our target over the longer term," he said. "Obviously, we have seen inflation rise above 2 percent as the economy recovers from the pandemic downturn. But most of that rise is fueled by forces that should recede over time," Bostic said in prepared remarks in a speech to the Chautauqua Institution.

Bostic earlier in the week said he favors the start of a fast taper later in the fall, seeing a rate hike in late 2022, and has recently upped his forecast for headline PCE inflation to the 3.5%-3.6% range by the end of the year. The US Bureau of Labor Statistics reported Wednesday monthly CPI growth in July hit the slowest pace in five months.

MNI Washington Bureau | +1 202-371-2121 |
MNI Washington Bureau | +1 202-371-2121 |

To read the full story

Why Subscribe to


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.