Fed’s Bostic: Strong data may make a case for another 75 bps rate hike
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In an interview with the Wall Street Journal (WSJ), Atlanta Fed President Raphael Bostic said that “at this point, I’d toss a coin between 50 bps and 75 bps,” adding that “if data remains strong and inflation doesn’t soften, it may make a case for another 75 bps.”
The greenback is uninspired by the above comments, with the US dollar index keeping its renewed upside intact near 108.30. The gauge is still down 0.39% so far.
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