Federal Reserve (Fed) Board of Governors member Michelle Bowman noted on Thursday that while current Fed policies should be enough to drag inflation back to target, the Fed shouldn't be unwilling to weigh further rate cuts in inflation data proves sticky.
Key highlights
I am still willing to raise rates again if inflation doesn’t ease.
The Fed not at point yet where it can consider rate cut.
If inflation moves toward 2%, eventual rate cut is on the table.
Lack of new bank creation will create financial issues.
Economy strong but activity has moderated.
I am concerned by the decline in the number of US banks.
Upside risks to inflation persist.
I expect only modest progress on lower inflation this year.
Easier financial conditions could drive up inflation.
I remain cautious in weighing future Fed rate changes.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD retreats from tops and revisits 1.0970 post-US data
The mild rebound in the Greenback following the firmer-than-expected US ISM Services PMI motivates EUR/USD to give away part of the earlier advance above the key 1.1000 barrier and recisits the 1.0970 zone.
GBP/USD remains offered and flirts with 1.2770
GBP/USD seems to have now embarked on a consolidative move on Monday, although it remains well on the defensive near the 1.2770 region amidst the broad-based risk aversion theme,
Gold slumps below $2,370 amid broad market selloff
Gold came under heavy bearish pressure and slumped below $2,370 in the early American session, losing over 3% on the day. The broad-based market selloff on growing fears over a deepening crisis in the Middle East causes XAU/USD to push lower.
Crypto Today: Bitcoin slips under $50,000, double-digit decline in top 30 cryptocurrencies
Bitcoin and altcoins in the top 30 have suffered double-digit corrections in the past 24 hours. XRP suffers a nearly 15% drawdown on Monday, slips to support at $0.4459.
Five fundamentals for the week: Global sell-off has a life of its own, Middle East may spiral out of control Premium
Panic – no better word to describe a fall of over 12% in the Nikkei stock index and plunges in almost all assets. Will it continue? The sell-off has a life, but the factors triggering it matter.