Fed's Bostic (retiring hawk) says business in the Southeast of the US sees no sign of a sharp economic downturn

• Labour market is tight in agriculture and hospitality.
• Developers across the board say it is hard to find workers to build homes that are demanded, leading to higher prices. 

Bostic's remarks suggest a resilient economic outlook for the Southeast, contrasting with fears of a sharp downturn. His focus on tight labor markets, particularly in sectors like agriculture and hospitality, may indicate ongoing inflationary pressures and could influence the Fed's rate-hike trajectory, as robust demand suggests that the economy is not cooling as some expect.