Fed’s Bostic Leans Toward Smaller Rate Hike After Inflation Slowdown
Federal Reserve Bank of Atlanta President Raphael Bostic said he’s leaning toward supporting a smaller interest-rate hike at the Fed’s next meeting following Thursday’s report showing a further slowing in inflation. “This report was really welcome news,” Bostic said in an interview Thursday evening with CBS News. “It really suggests that inflation is moderating and it gives me some comfort that we might be able to move more slowly now that we are in restrictive territory.” Fed officials, who meet Jan. 31-Feb. 1, are mulling a further moderation in the pace of rate hikes following a slowing in US ... (full story)
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