Fed’s Bostic repeats that he sees an initial rate cut in Q3

  • Plans to work with team over the next six months to get a better view of how balance sheet policy should evolve
  • Businesses say that hiring practices are normalizing as is the ability to pass along price increases
  • Labor market risks are much more balanced; many sectors not showing growth
  • Inflation and employment mandates are not yet in conflict
  • Labor markets remain strong in the aggregate and suggest continued momentum in the economy

There’s no shift from Bostic, who is a moderate hawk.

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