FED’s Williams and Bostic Speaking
A couple of FED members were speaking a while ago and they are not helping the USD
Skerdian Meta•Friday, May 10, 2019•1 min read
Williams:
- Fall in inflation reflects ‘normal volatility’
- Trimmed mean inflation not trending up or down
- Has more confidence in his outlook for moderate growth
- Near term risks to growth have receded
- We are in the right place in terms of policy
- Labor market should support inflation returning to 2%, no sign of inflation pressure
- Expects sustainable growth of 2.25% GDP growth in 2019
- Says he is seeing more positive readings on China’s economy due to gov’t efforts
- Trade tensions and Brexit uncertainty are downside risks
Bostic:
- FOMC officials all in the same mindset on patience on rates
- Still see one rate hike in 2019 but willing to be patient
- Fed may need new policy calculus if tariffs prolonged
- Will wait and see how businesses respond on tariffs
- Don’t see inflation now decelerating away from goal
- If inflation expectations anchored, may need action
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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