Fed’s Bostic: US progress on inflation is likely to slow
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Atlanta Federal Reserve (Fed) President Raphael Bostic said on the weekend that inflation could “see-saw” if policymakers cut interest rates too soon, warning that inflation’s descent towards the central bank’s 2% goal was likely to slow in the months ahead, per the Financial Times.
The US Dollar Index (DXY) is trading higher on the day at 102.60, as of writing.
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