Fed's Bostic: Higher long-end rates matter if they slow growth too much, no sign yet

<ul><li>Higher long-term rates not impacting business beyond what would happen in a normal tightening cycle</li><li>Says he sees the next move as a single quarter-point rate cut late next year</li><li>Sees inflation approaching 2% target by end of 2025</li><li>Still 'work to do' but confident underlying price trends are slowing</li><li>Share of goods with faster price increases has declined; businesses agree slowing trend likely to continue</li><li>'Signs of balance' also coming to labor market, with slower jobs growth</li><li>Businesses say it's getting easier to hire and wage growth likely to slow</li><li>Energy prices and geopolitics pose upside risks to inflation</li><li>Assessing need for below-trend GDP growth to cure inflation depends on other trends like productivity</li></ul><p>Isn't it a bit early to be weighing in on higher long-end rates? The move only started a month ago.</p>

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