Fed’s Bostic: Expect stress in the jobs market when inflation is falling toward target

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“I expect to see stress in the jobs market when inflation is falling toward target,” said Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic late Wednesday in a media interview shared by Marketplace per Reuters.

EUR/USD remains on the backfoot around 1.0747 following the news, down for the third consecutive day to around fresh two-month lows.

Also read: Fed’s Waller: Need to maintain flexibility on best policy decision for June meeting

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