Boston Fed president Rosengren: We're a long way away from reaching 2%-inflation target and not going to raise rates for several years

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24 September 2020

Boston Fed president Rosengren: We're a long way away from reaching 2%-inflation target and not going to raise rates for several years

We are pretty far away from maximum employment and there are headwinds to getting there quickly
More fiscal support will be needed for low-income individuals, small business as well as state and local governments
Fed's statement made it clear that Fed would potentially raise interest rates if there are financial imbalance

U.S.: New Home Sales, August 1 (forecast 0.895)

U.S.: More evidence of a jobs plateau - ING

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