Fed’s Bostic: Inflation has improved considerably, still a long way to go

  • We’re in a good place for us to get to 2% inflation
  • There’s certainly more for us to do
  • I don’t have a recession in my dot plot
  • We don’t have to increase rates any further
  • If things come in differently from my outlook, we might have to increase rates but that’s not my current outlook

The market is pricing in just a 14% chance of a hike in November and around 30% for December.

This article was written by Adam Button at www.forexlive.com. Source