Fed's Atlanta Fed chief: 2024 will remain in restrictive territory, no need for further rate hikes

Odaily Planet Daily News Federal Reserve Atlanta Fed President Bostic said that the economy is expected to slow down in a fairly orderly manner, and the Fed is on track to return to the 2% inflation target, as long as the current interest rate level is maintained for a long time. can achieve this goal. "Our stance today is restrictive and will become more restrictive as inflation continues to decline because the gap between inflation and our interest rates will widen and that will be enough restraint on the economy to keep It continues to slow down, but it's not expected to be two or three months away. My outlook is that we will still be in a restricted area until 2024." Regarding the non-farm payroll report released tonight, Bostic said , he is not surprised that wage growth remains strong, because “worker wages have lagged inflation for a considerable period of time throughout periods of high inflation, and are still in a catch-up period.” (Golden Ten)