Bostic: There “is not going to be urgency” for Fed to back away from restrictive stance

  • Continues to predict two rates cuts in 2024
  • Fed cannot wait to get to 2% to reduce rates or it will ‘overshoot’, that is the strategy behind rate cuts
  • Now is not the time to consider changing the inflation goal, but nothing should be etched in stone

The US dollar has recovered slightly since Europe has shut down for the day as yields tick up.

This article was written by Adam Button at Source