- Analytics
- News and Tools
- Market News
- Fed's Bostic: Probably appropriate to reduce policy rate in summer
Fed's Bostic: Probably appropriate to reduce policy rate in summer
Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that it would probably be appropriate to reduce the policy rate in the summer time, per Reuters.
Bostic noted that the last few inflation readings had shown that it is going to be a bumpy path back toward the 2% target and reiterated that they have to stay vigilant and attentive.
"Economic data will ultimately be our guide on when rate cuts start," he added.
Market reaction
These comments failed to trigger a noticeable market reaction. At the time of press, the US Dollar Index was virtually unchanged on the day at 103.92.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
