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Fed's Bostic still expects one more rate increase in 2018

From reuters.com

Atlanta Federal Reserve Bank President Raphael Bostic said on Monday he is maintaining his expectation for one more interest rate hike this year, as trade tensions and international events add some downside risk to an otherwise strong U.S. outlook. “The risks are balanced in the sense that we had a significant stimulus through the tax reform and the spending package. That is all upside risk ... Then you have all these other things going on to cause sort of an offset to some extent,” Bostic told reporters in Kingsport, Tennessee. “I came in the year with three moves and I am still in that space.” The U.S. central bank ... (full story)

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