A post by @FirstSquawk on X.
FED'S BOWMAN SAYS FINANCIAL CONDITIONS HAVE TIGHTENED AND THE FED MUST WEIGH THE COSTS OF ADDITIONAL POLICY TIGHTENING
@FirstSquawk on X
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Federal Reserve Governor Michelle Bowman said financial conditions have tightened and that the central bank must weigh the costs of further policy tightening. The remarks signal growing caution within the Fed about the cumulative impact of prior rate increases as borrowing costs rise. Her comments matter for rate-sensitive markets because they suggest the bar for additional hikes may be higher than previously implied. Investors will watch upcoming Fed communications and inflation data for confirmation of whether the tightening cycle is nearing its end.
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Federal Reserve, Michelle Bowman