Bostic: There "is not going to be urgency" for Fed to back away from restrictive stance

<ul><li>Continues to predict two rates cuts in 2024</li><li>Fed cannot wait to get to 2% to reduce rates or it will 'overshoot', that is the strategy behind rate cuts</li><li>Now is not the time to consider changing the inflation goal, but nothing should be etched in stone</li></ul><p>The US dollar has recovered slightly since Europe has shut down for the day as yields tick up.</p>

This article was written by Adam Button at www.forexlive.com.