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Fed’s Bostic Says More Data Needed, Rate Cut Likely by Year-End
Federal Reserve Bank of Atlanta President Raphael Bostic said he’s looking for “a little more data” before supporting a reduction in interest rates, emphasizing he wants to be sure the US central bank will not have to change course once it begins cutting. “We want to be absolutely sure,” Bostic said Tuesday in remarks to the Conference of African American Financial Professionals in Atlanta. “It would be really bad if we started cutting rates and then had to turn around and raise them again.” He reiterated the stance he’s held since March that he’ll likely be ready to cut “by the end of the ... (full story)
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From cnbc.com|Aug 13, 2024|1 commentThe news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department releases the July consumer price index report. With the ...
From theguardian.com|Aug 13, 2024The UK jobs market bucked predictions of a further weakening in June after official figures showed unemployment fell and wages stayed well above inflation, sending the value of ...
From think.ing.com|Aug 13, 2024Weaker survey data, softer inflation, subtle shifts in the Federal Reserve's thinking and a poor July jobs report saw markets dramatically ramp up interest rate cut bets last ...
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From youtube.com/cmegroup|Aug 13, 2024New UK jobs data supports GBP this week. Dan Deming has more information.
From schwab.com|Aug 13, 2024It's almost axiomatic that U.S. shoppers, weary of inflation, have lost some of their enthusiasm and pulled back on spending. That was certainly the case last quarter, but ...
From think.ing.com|Aug 13, 2024New aggregate financing slowed to RMB 770.8bn in July. This brings the year-to-date new increase of aggregate financing to RMB 18.87tn, which represents a 14.6% year-on-year ...
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- Posted: Aug 13, 2024 4:43pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,732
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