Atlanta Fed President Raphael Bostic emphasizes the need for patience on policy decisions, noting that inflation has decreased faster than expected. Bostic expects the first rate cut this summer, guided by economic data. He highlights the importance of monitoring inflation and wage growth, suggesting a likely policy rate reduction in the summer. Other Fed officials, including Daly and Mester, express readiness to cut rates if necessary, with Mester expecting a slowdown in employment growth.
PCE data "wasn't too surprising," @ClevelandFed president Loretta Mester says. "It doesn't really change my view that inflation is going to be going down to our 2% goal over time, but it does show you that there's a little more work for the Fed to do here." https://t.co/UWauZNJBmk
🔴 FED'S MESTER: WE ARE IN A REALLY GOOD SPOT, ON POLICY AND ON THE US ECONOMY.
FED'S MESTER: MONETARY POLICY IS RESTRICTIVE, DEMAND SHOULD COOL FED'S MESTER: WE CAN'T RELY ON PACE OF DISINFLATION LAST YEAR TO CONTINUE THIS YEAR
🔴 FED'S MESTER: SLOWING IN EMPLOYMENT GROWTH IS WHAT WE NEED TO SEE TO EASE POLICY.
🔴 FED'S MESTER: I EXPECT A SLOWDOWN IN EMPLOYMENT GROWTH.
🔴 FED'S MESTER: DEMAND WILL MODERATE, GROWTH THIS YEAR WILL NOT BE AS STRONG AS LAST YEAR.
🔴 FED'S MESTER: WE CAN'T RELY ON THE PACE OF DISINFLATION LAST YEAR TO CONTINUE THIS YEAR.
Fed's Mester: January PCE Data Was Not Too Surprising - Yahoo Finance - Does Not Change View That Inflation Is Going Downward
🔴 FED'S MESTER: MONETARY POLICY IS RESTRICTIVE, DEMAND SHOULD COOL.
🔴 FED'S MESTER: THE JANUARY PCE DATA WAS NOT TOO SURPRISING - YAHOO FINANCE INTERVIEW.
San Francisco Fed President Mary Daly said central bank officials are ready to lower interest rates as needed but emphasized there’s no urgent need to cut https://t.co/AO3BSSjTrQ
Fed’s Daly: Officials ‘Ready’ To Cut Interest Rates When Data Demands It - BBG https://t.co/pM4B9RjZlv
Atlanta Fed President Raphael Bostic says that it will probably be appropriate for the US central bank to begin cutting interest rates this summer based on his outlook for inflation https://t.co/0jUg21639M
Fed's Daly: I want to avoid holding rates all the way to 2% inflation. 🤪 https://t.co/kwR3pgXRhA
Atlanta Fed President Raphael Bostic says that it will probably be appropriate for the US central bank to begin cutting rates this summer based on his outlook for inflation https://t.co/twoZtG9vNB
🔴 FED'S DALY: WE HAVE POLICY IN A GOOD PLACE AND CAN CUT IF NEEDED.
🔴 FED'S DALY: THERE IS NO IMMINENT RISK OF THE ECONOMY FALTERING.
🔴 FED'S DALY: RISKS OF PERSISTENT INFLATION AND ECONOMIC DOWNTURN ARE EVEN.
🔴 FED'S DALY: I WANT TO AVOID HOLDING RATES ALL THE WAY TO 2% INFLATION.
US Fed official says open to ‘summer time’ interest rate cut https://t.co/9Gn9ToZ4Fz
Bostic Repeats Fed Easing Will Likely Be Appropriate This Summer https://t.co/8hpdZc6Sat
Fed's Bostic: Asked About Today's PCE Inflation Data, Says Sometimes Different Measures Point In Disparate Directions - It Is Useful To Use A Range Of Different Approaches To Assess Inflation
FED'S BOSTIC: I DON'T THINK SUPERCORE INFLATION IS DRIVEN BY WAGES ... or by monetizing the deficit ... or by printing money it's just magic
FED'S BOSTIC: I DON'T THINK SUPERCORE INFLATION IS DRIVEN BY WAGES
BOSTIC: WAGE GROWTH OUTPACING INFLATION, LIKELY TO CONTINUE
FED'S BOSTIC: GEOPOLITICAL RISKS ARE CURRENTLY HIGH
🔴 FED'S BOSTIC: THE ECONOMY IS ON A GOOD TRAJECTORY, IT WILL TAKE TIME TO NORMALIZE.
🔴 FED'S BOSTIC: THE DEGREE OF RISK EXPOSURE IN THE NON-BANKING SECTOR WORRIES ME.
🔴 FED'S BOSTIC: THE BANKING SECTOR IS SOUND AND STRONG.
FED'S BOSTIC: ECONOMIC DATA WILL ULTIMATELY BE OUR GUIDE ON WHEN RATE CUTS START
🇺🇸 FED'S BOSTIC: IT IS PROBABLY APPROPRIATE TO REDUCE POLICY RATE IN THE SUMMER
🔴 FED'S BOSTIC: WE HAVE TO STAY VIGILANT AND ATTENTIVE.
Fed's Bostic: Last Few Inflation Readings Have Shown It Is Going To Be Bumpy Path Back To 2%
Fed's Bostic: Inflation Came Down Much Faster Than I'd Expected
FED'S BOSTIC: INFLATION CAME DOWN MUCH FASTER THAN I'D EXPECTED
Fed Officials Emphasize Data to Guide Pace of Interest-Rate Cuts - BBG https://t.co/XYKcEVMfsk
Fed Officials Emphasize Data To Guide Pace Of Interest-Rate Cuts - @business https://t.co/9oPXReAV2N
BOSTIC REITERATES THAT HE EXPECTS FIRST RATE CUT THIS SUMMER
Fed’s Bostic: He Is `Comfortable' Being Patient On Policy
🔴 FED'S BOSTIC: I AM COMFORTABLE BEING PATIENT ON POLICY.
FED'S BOSTIC NOTES HE IS `COMFORTABLE' BEING PATIENT ON POLICY
BOSTIC: STILL WORK TO DO ON INFLATION, HAVEN'T DECLARED VICTORY