Fed's Bostic is speaking and says:Balance of risks in economy is getting back to levelOur rate posture is restrictiveThat's not where we want it to be foreverRecent inflation data give me more confidence we can get back to 2%. We need to see a little more data We need to make sure inflation trend is realIt would be really bad if we cut rates and then had to raise them again.I am willing to wait for first rate cut but it is coming.If economy evolves as I expect, there would be a rate cut by the end of the year This article was written by Greg Michalowski at www.forexlive.com.
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