Free Trial
AUSSIE BONDS

Away From Best Levels

CNH

CNY Fixing - Slightly Firmer Bias

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: Fed's Bostic Pushes Back On Market Hopes Of 2023 Cuts

(MNI) WASHINGTON

Atlanta Fed president says says he would like interest rates in the range of 4% to 4.5% by December.

Atlanta Fed President Raphael Bostic said Wednesday the central bank must remain vigilant in its inflation fight, seeing interest rates on a path to 4%-4.5% by year-end and staying there, pushing back on the notion of rate cuts in 2023.

"We must remain vigilant because this inflation battle is likely still in early days if the projections of my FOMC colleagues are correct," he said. "The strength of labor markets will wane, and economic activity will weaken, which is fundamentally necessary to reduce inflation."

Keep reading...Show less
375 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 Wednesday the central bank must remain vigilant in its inflation fight, seeing interest rates on a path to 4%-4.5% by year-end and staying there, pushing back on the notion of rate cuts in 2023.

"We must remain vigilant because this inflation battle is likely still in early days if the projections of my FOMC colleagues are correct," he said. "The strength of labor markets will wane, and economic activity will weaken, which is fundamentally necessary to reduce inflation."

Keep reading...Show less