As Fed's Powell affirms rate cut view, others see U.S. economy humming

ATLANTA/VICTOR, Idaho (Reuters) – As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business outlook. The contrasting remarks show the dilemma the Fed faces as it heads toward […]

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Fed rate hike, rate cut both 'on the table': Bostic

SAN FRANCISCO (Reuters) – The Federal Reserve’s patient approach to monetary policy is no guarantee that it will leave interest rates where they are for the rest of the year, the president of the Atlanta Federal Reserve Bank, Raphael Bostic, said on Friday. “Standing pat is definitely an option, but depending on how the economy responds, moving rates up, or […]

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Fed rate hike, rate cut both 'on the table': Bostic

SAN FRANCISCO (Reuters) – The Federal Reserve’s patient approach to monetary policy is no guarantee that it will leave interest rates where they are for the rest of the year, the president of the Atlanta Federal Reserve Bank, Raphael Bostic, said on Friday. “Standing pat is definitely an option, but depending on how the economy responds, moving rates up, or […]

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Fed's Bostic: Difficult to know cause of equity selloff

BATON ROUGE, La (Reuters) – It is difficult to say what is behind a recent stock market selloff, said Atlanta Federal Reserve president Raphael Bostic, though he cited geopolitical risk and a rise in long-term bond yields as recent developments that may play a role. The Fed’s own rate increases have been underway “for the better part of two years, […]

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