Bostic announced his retirement this year and he isn't a voter but it sounds like he's going to advocate for leaving rates unchanged in December.
- Sees more urgent risks to price stability despite shifts in labor market
- Favors keeping Fed funds steady until we see clear evidence of inflation moving towards 2% target
- Atlanta Fed surveys point decisively to continued upward pressure on prices and costs
- Inflation not confided to importers
- Not detecting unambiguous signals of a serious cyclical labor market downturn
- Real-time indicators signal job market in a curious state of balance
- Sees little to suggest price pressure will dissipate before mid-to-late 2026 at earliest
There has been no market movement on these comments but there will be if we hear it from some Fed governors.
