Bostic announced his retirement this year and he isn’t a voter but it sounds like he’s going to advocate for leaving rates unchanged in December.
- Sees more urgent risks to price stability despite shifts in labor market
- Favors keeping Fed funds steady until we see clear evidence of inflation moving towards 2% target
- Atlanta Fed surveys point decisively to continued upward pressure on prices and costs
- Inflation not confided to importers
- Not detecting unambiguous signals of a serious cyclical labor market downturn
- Real-time indicators signal job market in a curious state of balance
- Sees little to suggest price pressure will dissipate before mid-to-late 2026 at earliest
There has been no market movement on these comments but there will be if we hear it from some Fed governors.
This article was written by Adam Button at investinglive.com.