Fed’s Bostic: price gain breadth significant, less breadth would add to confidence for cut

Federal Reserve Bank of Atlanta President Bostic is in a moderated conversation on “Economic Outlook and Leadership” before the American Economic Association Conference on Teaching and Research in Economic Education:

• inflation path will be bumpy
• general inflation trend is down
• path to 2% inflation is not assured
• job market is tight, but not as much as it was
• breadth of price gains still significant
• less inflation breadth would add to confidence for a rate cut

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