W3Schools

The Fed: Fed’s Bostic favors one more interest-rate hike in 2018

Bloomberg
Atlanta Fed President Raphael Bostic

Atlanta Fed President Raphael Bostic said Friday he favors one more interest-rate hike this year, given current economic conditions.

“I favor one more move as things currently stand,” Bostic said during a talk at the Northern Chapter Virginia Society of Certified Public Accountants in Falls Church, Va.

The Fed has raised interest rates twice this year, to a range of 1.75% -2% and a slim majority on the central bank favors two more moves in 2018.

Read:Fed’s Harker says he still favors only one more interest-rate hike this year

Bostic said he was open minded and if the economy looks a lot stronger, he may join the majority.

>>> Original Source <<<

Comentários