Fed's Bostic: 75 bps rate hike is low probability By ross_burland Fed CentralBanks DollarIndex
in the US and has stated that a 75 bp rate hike is not his baseline although he is not taking anything off the table.
I am going to stay open to possibility that inflation will be approaching policy target at a faster pace than other colleagues project.I think Fed chair was trying to say that inflation is too high, need to remove accommodation in purposeful, intentional way.50 bps rate hikes in successive meetings is aggressive by historical standards.The goal is to get on steady course back to 2% inflation.It's not necessary for wages to stop growing.If inflation slows, wage growth should slow.
If we start to see signs that businesses are thinking about reducing forces, that would be quite meaningful.Meanwhile, the US dollar was higher on Monday and was reaching a twenty-year high as US Treasury yields have climbed on expectations theInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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