Fed’s Bostic: price gain breadth significant, less breadth would add to confidence for cut

Federal Reserve Bank of Atlanta President Bostic is in a moderated conversation on “Economic Outlook and Leadership” before the American Economic Association Conference on Teaching and Research in Economic Education:

  • inflation path will be bumpy
  • general inflation trend is down
  • path to 2% inflation is not assured
  • job market is tight, but not as much as it was
  • breadth of price gains still significant
  • less inflation breadth would add to confidence for a rate cut

This article was written by Eamonn Sheridan at www.forexlive.com. Source