Fed's Bostic: Recent developments are consistent with one more rate hike in May
|Atlanta Federal Reserve (Fed) President, Raphael Bostic, in an interview with Reuters this Friday, said that the recent developments are consistent with one more rate hike.
Additional quotes:
That can allow the Fed to pause and reassess.
We've got a lot of momentum suggesting that we're on the path to the 2% inflation target.
Still need to assess the economy, and inflation path to avoid unnecessary economic damage.
Rate increases in the past year now only starting to 'bite'; full impact may take some time.
Market reaction
The comments do little to influence the US Dollar (USD), which is seen languishing near a one-year high amid growing acceptance of an imminent pause in the Fed rate-hiking cycle.
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