Fed's Bostic: We are not going to see a recession

<ul><li>Inflation has come down a lot, should continue</li><li>Economy has been resilient</li><li>But business contacts say a slowdown is coming</li><li>Not going to see a recession, inflation will go to 2%</li><li>Don't think there will be rate cuts before middle of next year</li><li>Economy still has a lot of momentum</li><li>Inflation will ebb slowly; Fed will need to be cautious, patient and resolute</li></ul><p>As always is the case, you don't really have to talk about the R-word unless there is a risk of it materialising. So, that sort of speaks for itself. But among all the major economies, it does seem like the Fed is best prepared to weather a slowdown at the moment.</p>

This article was written by Justin Low at www.forexlive.com.