Fed’s Bostic: No ‘urgency’ to raise rates again, but cuts a long way off

by Aurelia Butler 3 October 2023, 13:01 119 Views

ATLANTA (Reuters) – With the economy slowing and inflation falling there is no urgency for the Federal Reserve to raise its policy interest rate again, but it will likely be a long time before the Fed moves to rate cuts, Atlanta Federal Reserve president Raphael Bostic said on Tuesday.

“I am not in a hurry to raise, not in a hurry to reduce either,” Bostic said at a Metro Atlanta Chamber event. “I am willing to be patient. I don’t think there is an urgency for us to do anything more.”

Source: Economy - investing.com

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Fed’s Bostic: No ‘urgency’ to raise rates again, but cuts a long way off

Sri Lanka’s economic growth dependent on tax reform and debt restructuring

Countries pledge to raise $12 billion to fund coral reef protection

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