More from Fed's Bostic: There is no expectation of needing to rise rates any further

<ul><li>This is a hard judgment call.</li><li>There is no expectation of needing to rise rates any further from here.</li><li>The path forward is no longer obvious, and inflation reduction will take longer than expected.</li><li>Even with a 25 BP move at the next meeting, it will still require patience from there; there are no expectations for dramatic sea changes in inflation.</li><li>The underlying data on inflation is telling a very positive story.</li><li>It's a "pretty straightforward story" that inflation could return to 2% without rates rising further.</li><li>Businesses are expecting wage growth to normalize; wages are considered a lagging indicator of price setting.</li><li>There is a lot of evidence that services spending has peaked.</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.