Bostic himself estimated that neutral is 2.25% today. He also called for six rate hikes this year, which would get the Fed to 1.50-1.75%.
Powell speaks today at noon ET (1600 GMT).
More:
- Employers are trying to set wages to catch up to prices
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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- German industrial production rebounds in April on higher energy, construction output
- FX option expiries for 9 June 10am New York cut
- BOJ reportedly set to raise short-term policy rate to 1% next week
- A quick US-Iran catchup ahead of European trading today
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