Fed’s Bostic
- We’re in a good place for us to get to 2% inflation
- There’s certainly more for us to do
- I don’t have a recession in my dot plot
- We don’t have to increase rates any further
- If things come in differently from my outlook, we might have to increase rates but that’s not my current outlook
The market is pricing in just a 14% chance of a hike in November and around 30% for December.