Created
: 2024.09.23
2024.09.23 21:12
Atlanta Federal Reserve President Raphael Bostic is speaking about the economic outlook and monetary policy at the University of London. His dovish comments align with the latest Federal Reserve's (Fed) decision to trim the benchmark interest rate by 50 basis points (bps).
"Businesses are becoming more careful in hiring but not considering layoffs."
"The economy is effectively near conditions that would be considered normal."
"Price increases have narrowed and become concentrated in housing."
"Risks to the labour market have increased, with the possibility of broad weakness higher than a year ago."
"A half-point cut at this meeting does not lock in a cadence for future rate cuts."
"Recent data show convincingly that the US is on a sustainable path to price stability."
"Business leaders say pricing power has all but evaporated."
"Low recent levels of some recent inflation indicators portends well."
"The Fed is now facing two, largely balanced risks."
The US Dollar (USD) remained under mild selling pressure after the news, but it barely reacted, as the focus remains on United States (US) PMI figures scheduled for after Wall Street's opening.
Created
: 2024.09.23
Last updated
: 2024.09.23
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy