Comments from the US Federal Reserve’s Kashkari and Bostic today at the tail end of Thursday’s US session delivered cautious notes on rate hikes looking forward as key personnel within the US central bank continue to lean into their dovish stance.
Kashkari highlights
The Fed could be one or two more hikes from neutral rates.
Continuing wage growth suggests the labor market still has some slack.
Favors a pause on rate hikes once neutral rates are reached.
Bostic highlights
Comfortable with slowing the rate of hikes.
Watching the yield curve closely, wants to avoid inversion.
Trade uncertainty could dampen investment.
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