Fed Bostic tips Fed on hold till this summer

• The Atlanta Fed pres says Fed may need to stay patient on policy till summer
• Economy seen in 'incredible flux', hard to know where things will land
• Need to be mindful of any changes that impact prices and employment
• Tariffs introduce elevated costs, may translate to higher prices eventually
• Already thinking of arguing for pause early this year
• Unlikely to get clarity on impact of govt policies before spring-summer
• Earlier, Fed Gov Waller said no need to rates later this month
• Waller did hold out possibility/probability of cuts later this year though
• Overnight, Philly Fed Harker tipped possible trouble brewing for US economy
• Harker also noted concerns over the US dollar's reserve currency status
• Amongst Fed off'ls, Bostic and Harker are centrists along with Chair Powell
• Fed Gov Waller is seen as a dove but speaking hawkish now
• See nS0N3OX061, nS0N3N309H, nL2N3PP17H, nL2N3PP0KQ, nL2N3PM0SJ

Where investors think the Fed is headed: