ICYMI: Late Friday Fed’s Bostic shifted his 2024 forecast to only 1 rate cut 2024 (from 2)

I mentioned during Asia on Friday that Bostic was speaking late, after the RTH close, and in my ‘thoughts out loud’ hoped he didn’t say much of interest. Well, he did!

• Fed’s Bostic says he now anticipates only one rate cut this year

There was a shunt lower from S&P 500 futures at 4 pm on Friday when Bostic was speaking

ES futures reopen for the week’s trade at 6 pm US Eastern time (5 pm Chicago time, 2200 GMT). This’ll give Asian markets the opportunity to respond (for the non-night owls who didn’t do so already on Friday).

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