Steve Matthews

Atlanta

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Articles

Fed’s Bostic says more data needed, but rate cut likely by year’s end

Aug 13, 2024 | sacbee.com | Steve Matthews

Federal Reserve Bank of Atlanta President Raphael Bostic said he's looking for "a little more data" before supporting a reduction in interest rates, emphasizing he wants to be sure the U.S. central bank will not have to change course once it begins cutting. "We want to be absolutely sure," Bostic said Tuesday in remarks to the Conference of African American Financial Professionals in Atlanta.
Fed’s Bostic Says More Data Needed, Rate Cut Likely by Year-End

Aug 13, 2024 | thinkadvisor.com | Steve Matthews |Katie Rass

Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions Podcast Center Video Center Webcasts Resource Center Events News August 13, 2024 at 04:38 PM Share & Print Federal Reserve Bank of Atlanta President Raphael Bostic...
Fed Expected to Hold Rates and Signal September Cut

Jul 30, 2024 | finance.yahoo.com | Steve Matthews

(Bloomberg) -- Federal Reserve officials are likely to move closer to lowering interest rates from a two-decade high this week by signaling a potential rate cut in September, though they may stop short of providing details beyond that.
US Federal Reserve governor Christopher Waller says Fed is closer to cutting rates

Jul 17, 2024 | afr.com | Craig Torres |Steve Matthews

Federal Reserve Governor Christopher Waller said the economy is getting closer to a point where the central bank can reduce borrowing costs but indicated he’d like to see a “bit more evidence” inflation is on a sustained downward path. “Current data are consistent with achieving a soft landing, and I will be looking for data over the next couple months to buttress this view,” Waller said in prepared remarks Wednesday at the Kansas City Fed.
Fed chair hints at September rate cut but keeps options open for economic shifts

Jul 10, 2024 | pressdemocrat.com | Steve Matthews

Here are the key takeaways from Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee in Washington on Tuesday:— Powell left the Fed’s options open on when the central bank will cut interest rates, which markets are pricing in as likely for September. He told senators he doesn’t expect the next move will be a hike but declined to give any timetable for cuts.
Fed’s Bostic Sees Year-End Rate Cut as Inflation Shows Progress

Jun 27, 2024 | finance.yahoo.com | Steve Matthews

(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said he continues to expect one interest rate cut this year in the fourth quarter, unchanged from his view in March, amid signs inflation has resumed its decline.
Fed Faces Dot-Plot Cliffhanger as May Inflation Report Looms - BNN Bloomberg

Jun 11, 2024 | bnnbloomberg.ca | Steve Matthews

(Bloomberg) -- Federal Reserve officials may not be ready to finalize closely watched projections for interest rates until the publication of a key report on consumer prices on the final day of their two-day policy meeting. Disappointing inflation data since the projections were last updated in March are almost certain to prompt a downgrade to the number of rate cuts envisioned for this year.
Fed’s Goolsbee Says Jobs Report Solid, Needs to See More Like It

May 3, 2024 | bnnbloomberg.ca | Steve Matthews

(Bloomberg) -- Federal Reserve Bank of Chicago President Austan Goolsbee said additional jobs reports like Friday’s would give him comfort the economy is not overheating. The Chicago Fed chief declined to say whether interest-rate cuts are likely this year, saying he’s still waiting for more data to confirm inflation is on track to the Fed’s 2% target.
Fed rate cut debate shifts from when toward if on sticky inflation

Apr 29, 2024 | afr.com | Steve Matthews

“If the inflation numbers just don’t improve enough, then they’ll stay on hold indefinitely,” said Dean Maki, chief economist at Point72 and a former Fed economist. “We have had a setback in the first quarter, but I don’t think the centre of the committee thinks of it as a permanent setback. They think it’s a bumpy road still.”Mr Powell’s colleagues on the Federal Open Market Committee see no urgency to lower rates.
Fed’s Bostic Reiterates Rate Cut Is Not Likely Until End of Year - BNN Bloomberg

Apr 18, 2024 | bnnbloomberg.ca | Steve Matthews

(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said he’s comfortable keeping interest rates steady, reiterating he doesn’t think it will be appropriate to lower borrowing costs until toward the end of the year. Bostic said he still believes inflation is on the path to the central bank’s 2% goal, but he noted that path is likely to be slower than people expect. The Atlanta Fed chief has previously said he anticipates just one rate reduction this year.

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