Atlanta Federal Reserve President Raphael Bostic told Bloomberg on Monday that, if he were voting now, he would vote to hold rates in June. However, he warned that he has to keep a possible rate hike on the table.
Regarding inflation, Bostic mentioned that there is still a way to go. According to him, there has been “some really good progress” made. He forecast inflation to be in the high 3s by year-end.
Market reaction
Bostic’s comments triggered no surprises, as market participants are currently pricing in a pause at the FOMC’s June meeting. The US Dollar Index is falling by 0.30% on Monday, trading near 102.50.
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- Source: https://www.fxstreet.com/news/feds-bostic-i-would-vote-to-hold-rates-bloomberg-202305151829
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