News list for " Reserve Bostic"
The Federal Reserve's Bostic: We still expect two rate cuts this year, but there is a lot of uncertainty.
Mr. Bostic said the Fed was expected to cut interest rates twice this year. A lot could happen in the future that could lead to more or less rate cuts. The base rate is currently in a moderate tightening state, compared with the neutral rate of 3% -3.5%. The slowdown is a major concern because of the upcoming policy changes, but businesses expect 2025 to be a solid year, and so far the economy has shown resilience.
The Federal Reserve's Bostic said confidence in the economic outlook for 2025 has decreased. It is difficult to take into account all potential policy changes in the economic outlook; inflation progress is not expected to show a straight line. The Federal Reserve did not cut interest rates significantly last year, and policy remains binding; satisfied with pausing interest rate cuts to observe economic development. The Federal Reserve is approaching the threshold level of its balance sheet, and ...
Federal Reserve's Bostic: The latest inflation data shows that careful monitoring is still required.
Federal Reserve Bostic: The Federal Reserve will remain on the sidelines until it has more clear information.
Federal Reserve Bostic: Be prepared to wait for a while before cutting interest rates.
Federal Reserve Bostic: Be prepared to wait for a while before cutting interest rates.
Federal Reserve Bostic: Be prepared to wait for a while before cutting interest rates.
We will need to see how the new administration's tariffs or other policies affect the economy; monetary policy will adjust accordingly as economic conditions change, said Mr. Bostic. The pace and magnitude of rate cuts in 2025 have not yet been decided.
Federal Reserve Bostic: At the upcoming December meeting, we do not believe that the decision is predetermined, and future data will be very important; we need to remain flexible.
We will need to see how the new administration's tariffs or other policies affect the economy; as economic conditions change, monetary policy will adjust accordingly.
I (dot plot) expect to cut rates by another 25 basis points this year, on top of the 50 basis points cut in September.
Mr. Bostic said the Fed had "anticipated volatility in the monthly economic data and the latest inflation and labour market data give the Fed the ability to be patient. If the data are as I expect, I am open to inaction at one of the last two meetings".
The Federal Reserve's Bostic is open to not cutting interest rates in November.
Mr. Bostic said the labour market had slowed but did not appear weak or weak; the economy was close to the Fed's target and "edging closer"; inflation remained well above 2 per cent; the risk that the economy was too strong could hinder policy readjustment; and there remained a strong focus on the inflation target but also on labour market conditions.
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