Atlanta Fed president Bostic: Not hitting 2% inflation target raises some questions

Market news

21 May 2019

Atlanta Fed president Bostic: Not hitting 2% inflation target raises some questions

Inflation is not so far away from target that expectations are becoming unanchored
Lack of wage pressures suggests natural rate of unemployment may be lower than previously thought
Says that he agrees with Powell on financial risks, noting that business debt risks have risen but not at crisis levels

UK PM May’s Spokesman says the Cabinet meeting was characterized by shared determination to pass the deal

UK Finance Minister Hammond: No-deal Brexit could have unpredictable and potentially significant effect on the UK economy

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