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Fed's Bostic: Price gain breadth significant, less breadth would add to confidence for cut

2024-06-21FXStreetFXStreet
Federal Reserve Bank of Atlanta President Bostic said on Thursday that the inflation path will be bumpy and less inflation breadth would add to confidence for a rate cut.

Federal Reserve Bank of Atlanta President Bostic said on Thursday that the inflation path will be bumpy and less inflation breadth would add to confidence for a rate cut.

Key quotes

Inflation path will be bumpy.

General inflation trend is down.

Path to 2% inflation is not assured.

Job market is tight, but not as much as it was.

Breadth of price gains still significant.

Less inflation breadth would add to confidence for a rate cut.  

Market reaction 

The US Dollar Index (DXY) is trading 0.01% higher on the day at 105.14, as of writing.

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