The bumpy path to achieving 2% inflation: Insights from Fed’s Bostic

  • Bostic expects the downward trajectory of inflation to continue.
  • He anticipates a slowdown in economic activity in the upcoming months.
  • Bostic acknowledges that tighter monetary policy is significantly impacting economic activity.
  • He believes the path to 2% inflation will be bumpy but achievable.
  • Bostic notes that companies’ pricing power is diminishing.
  • He observes ongoing disinflation and a measured slowdown in economic activity.
  • Fed’s Bostic feels more confident in the current economic outlook.

This article was written by Greg Michalowski at Source