Fed's Bostic (2027 Voter) says he expects GDP to grow upward of 2% in 2026
Importance
Level 1
- Expects inflationary pressure to continue in 2026.
- Many businesses are still incorporating tariffs into prices.
- Inflation pressure is beyond tariffs with other factors like medical adding to inflationary pressure.
- Labour market is balance and is not too tight nor too loose.
- Government shutdown will continue to distort data until April or May.
- Fed needs to stay restrictive because inflation remains high.
- Fed's independence gives them the ability to be patient.
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