Fed's Bostic: The US economy is 'definitely slowing'
How the economy evolves will shape what the Fed has to doHousing and other interest rate sectors have seen significant slowing, business leaders see labor markets easingStill not easy to find workers but it's easier than it wasDemand-supply imbalance is not changing rapidly, process will take some timeExpect US GDP at 1% for 2023Signs that things are moving in a positive direction on inflationThe US has a lot of momentum to absorb Fed policy and avoid a significant contractionThese comments lean hard into the idea of a soft landing. This article was written by Adam Button at www.forexlive.com.
- How the economy evolves will shape what the Fed has to do
- Housing and other interest rate sectors have seen significant slowing, business leaders see labor markets easing
- Still not easy to find workers but it's easier than it was
- Demand-supply imbalance is not changing rapidly, process will take some time
- Expect US GDP at 1% for 2023
- Signs that things are moving in a positive direction on inflation
- The US has a lot of momentum to absorb Fed policy and avoid a significant contraction
These comments lean hard into the idea of a soft landing.
This article was written by Adam Button at www.forexlive.com.
