Atlanta Fed President Raphael Bostic’s comments seem to be a factor that’s weighing down Dollar slightly in a slow market today.
Bostic said that Fed is doing well on inflation now, and the economy doesn’t need as much stimulus as it had before. Also, GDP is strong and unemployment is “very, very low” historically”. This part seems to be a bit hawkish.
However, Bostic also warned that yield curve is currently “extremely flat” and fed has concerns over the flatness. He went further to emphasize that he won’t vote for anything that knowingly inverts yield curve.
