Fed's Bostic: Confident inflation is returning to 2%

EUR/USD

USD/JPY

FXStreetOct 16, 2024 12:48 AM

Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic hit newswires during the overnight hours of Tuesday's US market session, noting that the US continues to perform well, and doesn't see strong signs of a potential recession looming over the horizon.

Key highlights

Sees robust US economy continuation.
No recession in economic outlook.
Bostic sees overall slower GDP growth in 2024 compared to 2023.
"Fairly confident" inflation is heading back to 2%.
US economy is performing well.

Reviewed byTony

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

Related Instruments

Recommended Articles

U.S. 10-Year Treasury Yields Stay High — Here Are Wall Street’s Investment Calls

TradingKey - Earlier this month, the U.S. 10-year Treasury yield shot up more than 70 basis points in just a few days, climbing toward 4.6%. Not long ago, it had briefly fallen below 4%.

Trump's Attack on Firing Powell Not Over Yet? Will the Fed's Independence Fall Off Its Pedestal?

TradingKey - Less than a hundred days into Donald Trump’s return to the White House, his administration has not only imposed historically rare high tariffs but is also pushing to boundaries of U.S. law by attempting to directly remove Federal Reserve Chair Jerome Powell.

EXPLAINER-What's known about whether Trump can fire Powell from the Fed

April 22 (Reuters) - President Donald Trump on Monday kept up his verbal assault on Federal Reserve Chair Jerome Powell over the Fed's refusal for now to further cut interest rates, rattling financial markets growing ever more fearful that Trump may ultimately try to fire the U.S. central bank c...

Market Week Ahead: Tesla, Alphabet Set to Report; Fed Beige Book Highlights Policy Outlook

TradingKey – U.S. stocks continued to decline last week, with the Dow Jones and Nasdaq both down more than 2.6%, and the S&P 500 shedding 1.5%.

What is a Steepening Yield Curve? How to Choose Short-Term and Long-Term U.S. Treasury ETFs?

U.S. Treasuries are universally regarded as the "king of safe-haven assets," offering "risk-free returns" during periods of economic crises, financial turmoil, and geopolitical conflict. Compared to other safe-haven instruments—such as gold, the Japanese yen, the Swiss franc, or sovereign bonds...