Fed’s Bostic: We need to stay restrictive because inflation is too high

Fed’s Raphael Bostic emphasized continued inflation pressures and the necessity for restrictive measures. His comments regarding businesses incorporating tariffs into pricing highlight the ongoing inflationary environment. This approach suggests that further interest rate hikes may be necessary, potentially supporting the dollar as markets react to the prospect of maintaining elevated rates. Investors should stay vigilant in the currency markets, particularly as inflation persists and economic conditions evolve.