Economic calendar in Asia Tuesday, 21 May 2024 – Fed’s Bostic speaks

At 2300 GMT (1900 US Eastern time) Federal Reserve Bank of Atlanta President Raphael Bostic is the moderator at a dinner session before the 2024 Financial Markets Conference hosted by the Federal Reserve Bank of Atlanta.

Bostic spoke on Monday:

• Fed’s Bostic: It is going to take a while before we are certain inflation is headed to 2%

He was one of many:

• Fed Gov. Barr: Q1 Inflation was disappointing. Did not provide confidence to ease policy.
• Fed Gov. Jefferson: Policy rate is in restrictive territory. Inflation still stubborn.
• More from a Fed Gov. Jefferson: Too early to say April CPI started a new trend
• SF Fed Pres.Mary Daly: Not yet confident that inflation is coming down to 2%
• Cleveland Fed Pres. Mester: Monetary policy is restrictive. Neutral rate may be higher

I think we get the picture from the Fed folks, Fed Funds will not be lowered any time soon.

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
• I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.

This article was written by Eamonn Sheridan at www.forexlive.com.