Page 27 - Raphael Bostic News Today

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Federal Reserve Bank of Atlanta President Raphael Bostic

Atlanta Federal Reserve Bank President Raphael Bostic said the latest inflation data showed improvement, but housing costs are still a worry.

Gold prices held steady on Friday and were on track for a second consecutive weekly gain, as recent U.S. economic data prompted traders to raise bets of an interest rate cut from the Federal Reserve...

GLOBAL-PRECIOUS/:PRECIOUS-Gold prices set for second weekly gain on Fed rate outlook

"I dont see any indicators now telling me ... theres a reason to change the stance of monetary policy now," Williams said in an interview with Reuters, adding that he did not expect the case for a rate cut to fall into place "in the very near term."

Forex news for Asian trading on Friday, 17 May 2024

Some Fed officials have emphasized overnight the need for a extended period of restrictive monetary policy as they seek clearer signs of sustainable inflation reduction.

Yen's selloff resumed after brief recovery yesterday and continued to weaken throughout Asian session. Markets largely ignored comments from former BoJ chief economist Toshitaka Sekine, who suggested the next rate hike could happen as soon as in June. The general understanding is that BoJ will at least wait for Q2 data to confirm if Q1 GDP contraction was merely a temporary setback before making any policy changes. However, downside risk for Yen appears limited, given the likelihood of inte...

The gold price rose in all major currencies Friday, adding 0.5% for the week against a falling US Dollar as geopolitics continued to trump higher-for-longer US Fed interest rates