Fed’s Bowman repeats that she expects additional rate increases

  • Will be looking for evidence that inflation is on a ‘consistent and meaningful’ downward path in making decisions
  • Inflation still significantly above 2% target

Bowman laid out similar comments on the weekend with the focus being on the plural for rate increases. The market is only pricing in about a 40% chance of a single further rate hike.

Bowman is consistently hawkish so none of this is a surprise.

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