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Fed’s Bostic: The US GDP will increase by 2.6% this year

May 10, 2022 by admin 0 Comments

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“The US GDP will increase by 2.6% this year,” said Atlanta Fed President Raphael Bostic. The policymaker also mentioned that the economy is strong, and demand is high.

Watch here: Atlanta Fed President Bostic speaking at The Financial Markets Conference

Additional comments

Fed policy must be robust, vigilant, and adaptive.

Market implications

Following the comments, EUR/USD remains defensive around 1.0530, keeping the two-week-old trading range intact, as market players await the key US inflation data.

Also read: US April CPI Preview: Has inflation peaked?

This article was originally published by Fxstreet.com. Read the original article here.