FED’s Williams and Bostic Speaking - Forex News by FX Leaders

FED’s Williams and Bostic Speaking

Posted Friday, May 10, 2019 by
Skerdian Meta • 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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About the author

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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