🚨 FOMC Speeches: R. Bostic & M. Barr

On August 20, FOMC members Raphael Bostic and Michael Barr are set to deliver speeches that could shed light on the future of U.S. interest rates and monetary policies. In May, Bostic expressed concerns about persistent inflation, emphasizing that the Federal Reserve might need to wait longer to cut interest rates. He noted that the labor market remains robust, fueling economic activity, and that inflation risks remain higher than desired. He suggested holding the policy rate in the 5.25%-5.5% range for longer than anticipated to curb inflationary pressures effectively.

Similarly, Michael Barr, in his May speech, highlighted the progress in combating inflation, which had dropped from a peak of 7.1% to 2.7%. However, Barr maintained that inflation still hadn’t reached the Fed's 2% target, indicating the need for a continued restrictive policy stance. He also discussed the importance of a resilient regulatory framework for banks, focusing on capital, liquidity, and resolution resources. Barr emphasized that while the banking system has become more stable, adjustments are necessary to address lessons learned from the bank failures in early 2023.

With these insights, traders and investors should prepare for possible hints on rate decisions and regulatory shifts that could impact the economic outlook.

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