Fed's Bostic: The timing for a rate cut remains uncertain

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According to an interview with Reuters, Atlanta Federal Reserve President Raphael Bostic suggested that the Fed is probably still planning to reduce interest rates this year, despite uncertainty regarding when and by how much policy easing will occur, as well as the gradual pace of inflation declines.

According to an interview with Reuters, Atlanta Federal Reserve President Raphael Bostic suggested that the Fedis probably still planning to reduce interest rates this year, despite uncertainty regarding when and by how much policy easing will occur, as well as the gradual pace of inflation declines. Key Quotes Most firms say pricing power is at or near its limit, with wage growth moving to pre-pandemic levels.

00s when tracked by the USD Index ahead of the release of the advanced Michigan Consumer Sentiment and speeches by Bowman, Barr and Goolsbee. US Dollar PRICE Today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the strongest against the British Pound. USD EUR GBP JPY CAD AUD NZD CHF USD -0.03% 0.08% -0.17% -0.02% -0.15% -0.32% -0.09% EUR 0.03% 0.10% -0.17% -0.01% -0.12% -0.31% -0.05% GBP -0.08% -0.10% -0.25% -0.12% -0.21% -0.39% -0.

 

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