Atlanta Fed President Raphael Bostic highlighted his readiness to maintain the current rate levels through the end of the year. “I’m comfortable being patient,” he noted at an event overnight. “I’m of the view that things are going to be slow enough this year that we won’t be in a position to reduce our rates […]
The post Fed’s Bostic emphasizes patience on rate cuts, open to rate hikes appeared first on Action Forex.
Markets Both markets and central banks (including the ECB) are trying to assess how (fast) higher oil prices and other supply chain disruptions will filter through to the economy. This will be a non-linear, bumpy Read more…
Will he stay or will he go? The anticipated drama coming out of the Federal Open Market Committee meeting April 29 is whether Fed Chair Jerome Powell is going to fish or cut bait. Powell’s Read more…
Bank of Canada left its policy rate unchanged at 2.25%, maintaining a cautious stance as it navigates the inflation impact of the Middle East conflict. While headline inflation is rising, policymakers signaled they are prepared Read more…