Fed's Bostic: Economic outlook remains highly uncertain

Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic expressed further caution about the state of the US economy and potential tariff fallout on inflation metrics in an interview with the Wall Street Journal.

Key highlights

Economic outlook remains highly uncertain.
The economy's tariff adjustment could take months.
Rate cuts might be difficult in the short run.

Jul 18, 2025

EUR/USD drops below 1.1600 as strong US data slashes Fed cut odds

EUR/USD tumbles during the North American session, down 0.38% following the release of economic data from the United States (US), which triggered a reaction by investors, who trimmed their bets that the Federal Reserve (Fed) will cut interest rates.

Fed's Waller: FOMC should cut interest rates by 25 bps at the July meeting

Federal Reserve Governor Christopher Waller said late Thursday that he continues to believe that the Fed should cut its interest rate target at the July meeting, citing mounting economic risks and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressures

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Fed's Bostic: Economic outlook remains highly uncertain

Key highlights

EUR/USD drops below 1.1600 as strong US data slashes Fed cut odds

Fed's Waller: FOMC should cut interest rates by 25 bps at the July meeting