Fed’s Bostic: Economy is maintaining strong momentum that it’s had

  • Everyone has been expecting the economy to slow at a faster pace but I’m not hearing that it’s picking up
  • If there’s any weakening, it’s at a very incremental level
  • Over the longer run, the economy needs to slow to get to longer-run inflation target
  • Says he is still thinking about just 1 rate cut this year
  • We’re going to have to watch and wait and see how things evolve
  • If the economy evolves as I expect, I think it will be appropriate to start cutting in Q4
  • Sees inflation coming to target in 2026
  • There are some secondary measures in the inflation numbers that have me concerned that things will move even slower

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