Fed’s Bostic: No sequential rate cuts and highlights risks of pent-up exuberance

Atlanta Fed President Raphael Bostic emphasized the necessity of seeing “more progress” on inflation reduction before considering any rate cuts. He said overnight that the prosperity in the labor market and the economy, granting the FOMC the “luxury of making policy without the pressure of urgency.” In terms of the pace of policy loosening once […]

The post Fed’s Bostic: No sequential rate cuts and highlights risks of pent-up exuberance appeared first on Action Forex.