Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Fed's Bostic Doesn't yet See Reason to Stray From Three Rate Increases for 2017

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/13/2017 | 12:22pm CEST

By Saumya Vaishampayan

Federal Reserve Bank of Atlanta President Raphael Bostic said Friday he hasn't yet seen evidence that would deter the central bank from raising interest rates a third time this year.

The Fed indicated in September it remained on track to lift short-term rates later this year, which would mark the third rate increase in 2017.

"At the beginning of the year the bank set up a forecast, which was consistent with there being three interest-rate moves through the course of the year," Mr. Bostic said in an interview with The Wall Street Journal. "I haven't seen things that suggest that we should move off of that forecast, but I do understand that there are some areas of uncertainty."

Those include the effects of the hurricanes that hit the U.S. recently, as well as new data on the labor market and inflation, he said, adding that he is open to changing his mind about an interest-rate increase.

"Right now...we're seeing some fairly consistent growth in the economy and it suggests that we will see inflation pressures," he said.

Mr. Bostic joined the Atlanta Fed in June and is the first African-American to lead one of the 12 regional Fed banks. He isn't a voting member of the policy-setting Federal Open Market Committee this year.

Mr. Bostic spoke at a conference in Hong Kong this week.

Write to Saumya Vaishampayan at saumya.vaishampayan@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
02:32pOPEC and allies struggle to pump more oil as Iran supply falls
RE
01:44pNOC NATIONAL OIL : AGOCO revives 16 year old well
PU
01:37pTake Five - World markets themes for the week ahead
RE
01:14pCARIBBEAN DEVELOPMENT BANK : CDB video wins gold advertising award
PU
01:06pItaly's cabinet undersecretary says meeting all electoral pledges is tough
RE
12:41pHUTN : EF Hutton Sponsors ACEx A New Cryptocurrency Exchange
AQ
12:09pEU ratchets up pressure on Swiss to clinch new treaty
RE
12:07pNO-DEAL BREXIT WOULD HAVE LIMITED IMPACT ON GERMAN LABOR MARKET : Der Spiegel
RE
11:56aVolume spikes on sector reshuffle, quadruple witching
RE
09:28aREMOVAL AND RESEARCH : The Marine Debris Team Strikes Again
PU
Latest news "Economy & Forex"
Advertisement