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post: Bostic: Expecting Inflation to Decline but “Relatively Slowly,” Would Not Expect a Rate Cut Before the Fourth Quarter Bostic: Fed’s Highest Priority is to Get Inflation Back to 2% post: Bostic: “I Am Not in a Hurry” to Cut Rates; Want to Make Sure That Policy Easing is “Unambiguous” Bostic: Would Rather Wait Longer for a Rate Cut to Be Sure Inflation Does Not Start to Bounce Around post: BOSTIC: CAUTION NEEDED ON FIRST CUT, STILL BACKS ONE IN Q4
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The first of what will likely be many extreme heat events this summer is on its way to much of Texas and the Southern Plains, along with parts of the Gulf Coast and Florida during the next week. Threat level: Extreme heat is the deadliest weather hazard in the U.S., and this event will bring triple-digit temperatures to some areas as much as a full month ...