Fed’s Bostic not ruling out a half percentage point hike in March

© . FILE PHOTO: An eagle graces the facade of the US Federal Reserve building in Washington, July 31, 2013. REUTERS/Jonathan Ernst () – The US Federal Reserve may cut interest rates by half a percentage point at its next meeting on March 15. should increase and 16 as economic data between now and then shows that high inflation continues, Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said Monday. “Right now, I’m still in favor of a 25 basis point move at the March meeting, but things change weekly…one data point I’m looking at in particular is the monthly change in inflation,” Bostic said during a virtual event hosted by Harvard University. “If that continues at elevated levels or even moves in the other direction, then I really need to look at a 50 basis point move for March and we’ll just have to see how that plays out.” Last week, Fed policymakers largely gave the favoring a quarter-point rate hike when it begins its tightening cycle at its next meeting, and investors cut their bets on a bigger March after Russia’s invasion of Ukraine. Disclaimer: Fusion Media would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (Stocks, Indices, Futures) and Forex prices are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price meaning prices are indicative and not suitable for trading purposes . Therefore, Fusion Media does not bear any responsibility for any trading losses that you may incur as a result of using this data. Fusion Media or anyone associated with Fusion Media accepts no liability for any loss or damage resulting from reliance on any information, including data, quotes, charts and buy/sell signals on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.

Leave a comment