Fed's Bostic Urges Inflation Reduction to 2%
TL;DR Summary
The US Federal Reserve is expected to raise interest rates at its May 2-3 meeting, but key data, particularly a survey of bank lending officers, may shape how they weight the risks facing the US economy and whether they decide to pause further increases. The Fed has been monitoring liquidity and ensuring banks have the paperwork ready to borrow quickly from different Fed facilities should it be necessary. The fallout since the collapse of Silicon Valley Bank has been muted enough that Fed officials have swung their focus back to persistently high inflation and the need for at least one more quarter point interest rate increase.
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- Fed’s Bostic: Sees Inflation Cooling To Mid- To High 3% Range Year-End, Policy Has Moved Into Restrictive Space, Works With Lag Forex Factory
- Fed's Bostic says infaltion is too high, the Federal Reserve must lower it to 2% ForexLive
- Fed’s Bostic: Inflation is too high, Fed must get it down to 2% FXStreet
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