A post by @FirstSquawk on X.
FED'S BOWMAN SAYS PERSISTENT INFLATION AND FIRMING LABOR CONDITIONS SUGGEST THERE IS "STILL WORK TO DO," AND THAT BRINGING INFLATION DOWN REMAINS A PRIORITY
@FirstSquawk on X
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The remarks signal the Federal Reserve is not yet ready to declare victory on price stability, even as markets weigh the timing of rate cuts. Her comments matter because they reinforce a higher-for-longer policy stance that affects Treasury yields, the dollar and risk assets. Investors will watch upcoming inflation and employment data, along with other Fed officials’ guidance, for confirmation of how long rates may stay elevated.
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Named in this story
Federal Reserve, Michelle Bowman