Federal Reserve Bank of Atlanta President Robert Bostic said the job market is still doing pretty well and the latest inflation data shows it still needs to be monitored cautiously. And said GDP is more resilient than expected. It is difficult to have confidence in any forecast at this time given the uncertainty of policy on multiple fronts. The Fed will remain on the sidelines until it gets more clear information.
The Atlanta Fed's GDPNow model projects U.S. GDP growth of 3.9% in the fourth quarter, compared with a previous estimate of 2.9%.
The Atlanta Fed's GDPNow model projects U.S. GDP growth of 3.2% in the fourth quarter, compared with a previous estimate of 3.0%.
The Atlanta Fed's GDPNow model projects U.S. GDP growth of 3.2% in the fourth quarter, compared with a previous estimate of 3.0%.
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.
The Atlanta Fed's GDPNow model projects U.S. GDP growth of 2.6% in the fourth quarter, compared with a previous estimate of 3.1%.
Kamala Harris, the vice president, called Atlanta's V-103 radio program to remind Georgia voters to get out and vote on Election Day, telling listeners, "We've got to get this done. It's polling day, and people need to get out and vote." Ms Harris said her focus for the day was "making sure everyone knows the power of their voice by voting", continuing to avoid mentioning former president Donald Trump by name in interviews, instead referring to him as "my opponent".
The 2024 FOMC voting committee and Atlanta Federal Reserve President Robert Bostic will speak on the economic outlook in ten minutes.
The 2024 FOMC voting committee and Atlanta Fed President Robert Bostic will speak in ten minutes on monetary policy and the economic outlook.
The 2024 FOMC voting committee and Atlanta Federal Reserve President Robert Bostic will address the economic outlook in ten minutes.
The 2024 FOMC voting committee and Atlanta Federal Reserve President Bostic will speak in ten minutes.
The Atlanta Fed's GDPNow model projects U.S. GDP growth of 2.0% in the third quarter, compared with a previous estimate of 2.4%.
The 2024 FOMC voting committee and Atlanta Fed President Robert Bostic will speak on the economy in ten minutes.
The 2024 FOMC voting committee and Atlanta Federal Reserve President Bostic will participate in a question-and-answer session in ten minutes.
The 2024 FOMC voting committee and Atlanta Federal Reserve President Bostic will speak in ten minutes.