News list for "bostic"
The Federal Reserve's Mr. Bostic said officials should be cautious in their decision-making, preferring to keep interest rates high given uneven progress in reducing inflation. In a podcast recorded on December 9 and released on Tuesday, Mr. Bostic also said he expected inflation to continue to fall gradually to the Fed's 2 per cent target this year. He said he expected price pressures to subside, although at some point it might look like...
Raphael Bostic, president of the Atlanta Fed, said policymakers should be cautious about keeping interest rates high in order to achieve their price stability goal, given the patchy progress in fighting inflation. In a podcast recorded on December 9 and released on Tuesday, Bostic said he expected inflation to continue to decline gradually this year and reach the Fed's 2 percent target as soon as possible.
We will need to see how the new administration's tariffs or other policies affect the economy; monetary policy will adjust accordingly as economic conditions change, said Mr. Bostic. The pace and magnitude of rate cuts in 2025 have not yet been decided.
Federal Reserve Bostic: At the upcoming December meeting, we do not believe that the decision is predetermined, and future data will be very important; we need to remain flexible.
We will need to see how the new administration's tariffs or other policies affect the economy; as economic conditions change, monetary policy will adjust accordingly.
Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, said the uncertainty surrounding the US Presidential Election could cause some businesses and consumers to delay making investment and spending decisions. "You're likely to see a stagnation in some businesses, especially when you're thinking about investments," he said on Friday at an event with high school students in Jackson, Mississippi. "The same will be true for families. Because inflation has been high, families are feel...
I (dot plot) expect to cut rates by another 25 basis points this year, on top of the 50 basis points cut in September.
The US CPI has fallen for six consecutive years, and gold is approaching 2630! Bostic is open to not cutting interest rates in November to decide how to respond to the Iranian attack, Iran claims or changes its nuclear principles... What major events have happened around the world last night and this morning?
Mr. Bostic said the Fed had "anticipated volatility in the monthly economic data and the latest inflation and labour market data give the Fed the ability to be patient. If the data are as I expect, I am open to inaction at one of the last two meetings".
The Federal Reserve's Bostic is open to not cutting interest rates in November.
Mr. Bostic said the labour market had slowed but did not appear weak or weak; the economy was close to the Fed's target and "edging closer"; inflation remained well above 2 per cent; the risk that the economy was too strong could hinder policy readjustment; and there remained a strong focus on the inflation target but also on labour market conditions.
The 2024 FOMC voting committee and Atlanta Federal Reserve President Robert Bostic will speak on the economic outlook in ten minutes.
The Fed's Bostic said the latest "dot plot" showed a "considerable" divergence of opinion within the central bank, with the central bank in no hurry to achieve a neutral interest rate, preferring not to rush to judgment or assume that the inflation problem has been resolved, and the range of views on the future path and the discussion of a neutral rate was "robust". (Jin X)
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