Fed's Bostic: Fair to say that the Fed is willing to overshoot – by fx_ross Fed DollarIndex CentralBanks
A likelihood that services inflation will prove sticker than the Fed would want.Economy still has a "fair amount" of momentum, remains robust.Base case for 2023 is GDP growth of 1%, no recession.Think inflation can fall to about 3% this year, though it will take time for the Fed's policy change to play out.Repeats see rates rising to between 5 and 5.25%.Broad consensus that the Fed policy is in a restrictive place, appropriate to be much more cautious in terms of calibrating more.
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