Fed's Bostic says inflation too high for too long; important to keep policy moderately restrictive
Fed's Bostic's remarks underline a commitment to maintaining moderately restrictive monetary policy due to persistent inflation.
US Treasury Secretary Bessent repeats hope for the fiscal gap to get below 4% by end of Trump
Vinci (DG FP) FY25 (EUR): EPS 8.65 (exp. 8.45), Revenue 74.6bln (exp. 74bln)
Fed's Bostic says inflation too high for too long; important to keep policy moderately restrictive
US Treasury Secretary Bessent says he continues to believe that Russian President Putin is a war criminal; further Russian sanctions depend on the peace talks
Fitch says US ETR falls to 12.7% with tariff changes and shifting import flows
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- If the Fed is going to do its job well it has to think about issues over the long run.
- Other officials, such as those in Congress, have shorter horizons.
This aligns with a hawkish stance regarding interest rates, suggesting traders should factor in potential prolonged tightening in the Fed's approach, which could impact the USD and bond yields.
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