Fed’s Bostic says open to earlier rate cuts on faster drop in inflation
By Howard Schneider WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said on Thursday he was open to reducing U.S. interest rates sooner than he had anticipated if there is “convincing”…
Fed’s Bostic: possible Fed could lower rates in late 2024 – CNBC
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on CNBC Friday that while inflation remains too high it is coming down amid mounting…
Fed’s Bostic: Lowering inflation still main US central bank mission
NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that controlling inflation is still the U.S. central bank’s mission, although he did not say what that…
Fed’s Bostic sees no more U.S. rate hikes, no recession
By Ann Saphir (Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic on Tuesday said the U.S. central bank need not raise borrowing costs any further, and sees no recession ahead even…
Fed’s Bostic says U.S. interest rates are high enough
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic laid out a case on Thursday against any further U.S. interest rate hikes, saying monetary policy is already tight enough to bring inflation…
Fed’s Bostic reiterates view Fed done with rate rises
By Michael S. Derby (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic reiterated on Thursday his belief that the likely path of inflation will save the central bank from having…
Atlanta Fed’s Bostic: Rates should stay steady from here
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve should not raise interest rates further or it would risk “needlessly” sapping the strength of the U.S. economy, Atlanta Federal Reserve President Raphael…
Fed’s Bostic: if vote on policy were today, would vote to hold steady
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic on Monday said if he were voting on monetary policy today he would vote to hold interest rates steady, but added there is…
Fed’s Bostic: jobs data another sign economy is gradually slowing
By Lindsay Dunsmuir (Reuters) – The latest U.S. jobs figures are another sign that the economy is gradually slowing and should that continue the Federal Reserve can step down to a quarter…
Fed’s Bostic: Officials “remain determined” to beat inflation
WASHINGTON (Reuters) – Inflation is the biggest headwind facing the U.S. economy right now and U.S. Federal Reserve officials “remain determined” to lower it back to the central bank’s 2% target, Atlanta…
Fed’s Bostic: Ready to ‘move away’ from large rate increases at next meeting
By Howard Schneider WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said Saturday he is ready to “move away” from three-quarter-point rate hikes at the Fed’s December meeting and feels the…
Fed’s Bostic: U.S. needs to work through labor market “shuffle and churn”
WASHINGTON (Reuters) – The U.S. labor market is still in the middle of adjusting to new wage and occupation trends that grew out of the pandemic as large firms raise wages and…
Fed’s Bostic says inflation fight “still in early days”
By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve’s fight against inflation is likely “still in early days,” Atlanta Fed president Raphael Bostic said Wednesday, becoming the latest U.S. central banker…
Fed’s Bostic backs 75-basis-point hike in November, smaller rise in December
By Howard Schneider WASHINGTON (Reuters) – The lack of clear progress on inflation means the Federal Reserve needs “moderately restrictive” interest rates that should reach a level between 4.25% and 4.50% by…
Fed could ‘dial back’ 75-basis-point hikes if inflation slows, Bostic says
WASHINGTON (Reuters) – The Federal Reserve could have reason to ‘dial back’ from its 75-basis-point interest rate hikes if new data shows inflation “clearly” slowing, Atlanta Fed President Raphael Bostic said in…
Fed’s Bostic: Powell was preparing for some job losses – Fox Business
(Reuters) – Atlanta Federal Reserve President Raphael Bostic on Friday said Chair Jerome Powell was trying to prepare Americans for the possibility of a weaker job market as the central bank raises…
Fed’s Bostic: leaning toward 50 bps hike in Sept — CNBC
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic on Thursday said that with Friday’s data showing U.S. inflation is slowing, he is “leaning” toward supporting a 50 basis point rate hike…
Fed’s Bostic says he’s split between 50 bps and 75 bps Sept rise – WSJ
(Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said he hasn’t decided if the Fed should increase interest rates by 50 basis points or 75 basis points at its policy…
Bostic: Convinced Fed needs to keep raising rates to control inflation
WASHINGTON – The U.S. Federal Reserve will need to keep raising interest rates to control inflation but the pace and final level will be shaped heavily by data over the next two…
Fed’s Bostic: Should not move rates “too dramatically”
TAMPA, Fla – Moving interest rates “too dramatically” could undermine the positive trends still seen in the economy and add to the already large amount of uncertainty, Atlanta Fed president Raphael Bostic…
Fed policy needs to be more ‘muscular’ to battle high inflation -Bostic
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic on Friday said he supported the U.S. central bank’s 0.75 percentage point interest-rate hike this week, adding that supply chain fixes have been…
Bostic: Economy may respond quickly to Fed rate increases
ATLANTA, Ga – The quick response in financial markets to tighter monetary policy offers hope that other parts of the economy may adjust more quickly as well, Atlanta Federal Reserve President Raphael…
Fed’s Bostic: Rising market yields show Fed retains credibility
JACKSONVILLE, Fla. – Risings interest rates on home mortgages, U.S. Treasury bonds and other key forms of credit show the Federal Reserve remains credible in its pledge to tame inflation, Atlanta Fed…
Fed’s Bostic says can do “maybe two, maybe three” half point hikes, then assess
WASHINGTON -The U.S. Federal Reserve can stick to half point interest rate hikes for the next two to three meetings then assess how the economy and inflation are responding before deciding whether…
Fed’s Bostic says slowing global growth a reason for Fed to be “cautious” – CNBC
WASHINGTON – The potential for a global economic slowdown is reason for the Fed “to be cautious” as it raises interest rates in coming months, Atlanta Fed president Raphael Bostic said in…
Fed is closely watching situation in Ukraine, Bostic says
– The Federal Reserve is closely watching the situation in Ukraine for any economic or financial impacts on the United States, Atlanta Federal Reserve bank President Raphael Bostic said on Thursday. “Events…
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