Fed’s Bostic: The US GDP will increase by 2.6% this year

Market news

10 May 2022

Fed’s Bostic: The US GDP will increase by 2.6% this year

“The US GDP will increase by 2.6% this year,” said Atlanta Fed President Raphael Bostic. The policymaker also mentioned that the economy is strong, and demand is high.

Watch here: Atlanta Fed President Bostic speaking at The Financial Markets Conference

Additional comments

Fed policy must be robust, vigilant, and adaptive.

Market implications

Following the comments, EUR/USD remains defensive around 1.0530, keeping the two-week-old trading range intact, as market players await the key US inflation data.

Also read: US April CPI Preview: Has inflation peaked?

Currencies. Daily history for Tuesday, May 10, 2022

Commodities. Daily history for Monday, May 9, 2022

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