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

Bostic's remarks suggest a resilient economic outlook for the Southeast, contrasting with fears of a sharp downturn.

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

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  • 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. 
Context

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.

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