Fed's Bostic said rates are close to neutral
Fed's Bostic said rates are close to neutral, if not already there, in comments from an economic round-table. He added that while the yield curve does convey signals on the economy, it might not be the recessionary one seen historically. But he will continue to watch it as he and his colleagues monitor the economy as a whole. The uncertainties that have been clouding the outlook have yet to clear. The Fed is keeping its options open, and could move rates up or down, or leave them unchanged, depending on how the economy performs. Meanwhile, inflation remains a little below the 2% goal, and he's not really seeing any pass-through of tariffs. These comments are consistent for the dovish Bostic, who is not a voter this year.