Fed’s Bostic: I don’t see as much urgency to move as stated by others

  • We’re not seeing inflation moving away from target
  • I’m comfortable waiting
  • If inflation seems to significantly stall, then we’ll probably do more

Just take note that on the headline remark, he adds that he doesn’t share the view of hiking in July – which is a view that is shared by other members of the FOMC including Powell. That certainly makes things interesting and the next consumer price inflation report is going to be a big one to test the bias of everyone ahead of the July decision.

This article was written by Justin Low at www.forexlive.com. Source