Tag Archives: Bostic

On Tuesday, Atlanta Federal Reserve President Raphael Bostic said that he wasn’t expecting to see the full impact of monetary policy on inflation for months. US Dollar Index showed no immediate reaction to these comments and was last seen losing 0.6% on the day at 106.30.On Tuesday also, A key …

The UK government’s new fiscal plan increased economic uncertainty and raised the concerns of a global recession, a top official at the US central bank warned after the pound sterling touched an all-time low.Raphael Bostic from US central bank’s Atlanta branch has warned of ‘uncertainty’ after the British pound touched …

The GBP/USD pair stops Tuesday’s losses and recovers some ground, gaining 0.42% in the week. The positive market sentiment boosts the prospects of the sterling, despite a strong US Dollar. The British pound recovers some ground on Wednesday during the North American session, bouncing near weekly lows around 1.2480s and …

Federal Reserve’s Raphael Bostic said rate hikes won’t cause a recession and that the central bank can hike rates to deal with overly high inflation without sending the US economy into recession.He repeats that the Fed rates hikes can take some pause arguing that the Fed might need to pause …

Risk aversion dominated financial markets at the beginning of the trading week. Global stocks edged lower, while government bond yields soared during European trading hours, giving up some ground ahead of Wall Street’s close.The negative market sentiment came from the usual suspects. High inflation levels, increasing coronavirus cases, and tensions …

The USD/CAD pair is ending on North America session in the green territory by 0.8% following a final thrust to the upside in the US dollar. This development has taken the Canadian dollar to its lowest level since November 2020 amid rising concerns about the global economy and fears of …

Federal Reserve Raphael Bostic commented on the US monetary policy with important insight for traders and market participants in the US and has stated that a 75 bp rate hike is not his baseline target although he is not taking anything off the table. The US dollar was higher on …

Atlanta Fed President and FOMC member Raphael Bostic on Tuesday reiterated the important of getting rates to neutral territory “expeditiously”, though cautioned that a 75 bps rate hike is “not on the radar”.Bostic said he estimates the neutral rate to be around 2.5% and feels the US economy is strong …

US equities are sharply lower on Tuesday’s US session as investors express concerns and fret about the global economic impact of the West’s harsh sanctions against Russia.Russians intensified bombardment of Ukrainian cities. Commodity prices, including crude oil, natural gas and wheat, surged on Tuesday, igniting further concerns about longer-lasting inflationary …

Atlanta Fed President and FOMC member Raphael Bostic said on Tuesday that the US will be “hard-pressed” to get inflation back below 3.0% for all of 2022, reported Reuters. Bostic added he is still optimistic that Fed actions will produce steady movement of inflation back to the bank’s 2.0% target. …