Fed's Bostic: Price gain breadth significant, less breadth would add to confidence for cut

NEW YORK (May 29) Federal Reserve Bank of Atlanta President Bostic said on Thursday that the inflation path will be bumpy and less inflation breadth would add to confidence for a rate cut.

Key quotes

Inflation path will be bumpy.

General inflation trend is down.Path to 2% inflation is not assured.Job market is tight, but not as much as it was.Breadth of price gains still significant.Less inflation breadth would add to confidence for a rate cut.  

Market reaction 

The US Dollar Index (DXY) is trading 0.01% higher on the day at 105.14, as of writing.

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