Fed is still on track to cut rates this year but timing is uncertain – Bostic

  • I still have that belief that we can lower rates this year
  • We’re hearing from pretty much everyone that pricing power is pretty much at its limit
  • That should help with further progress on the inflation front
  • We are still seeing robust job growth
  • It may take a while for labour market conditions to ebb further
  • Still sees a single 25 bps rate cut as being likely for this year
  • Thinking less of the extent of rate cuts but more on getting the timing right to start the cycle

It’s still about the timing at the moment with markets favouring a September move. I’d take his comment on there being one rate cut only with a pinch of salt. If the Fed gets going in at any point besides December, we could easily see them go for another as long as the same conditions hold.

This article was written by Justin Low at www.forexlive.com.

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