Page 17 - Raphael Bostic News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Kill another hundred thousand americans in unfashionable little towns. Its not even other exodus of middle class jobs to china. Its worse than any of that. The crisis is you and your sinfulness, your indelible personal bigotrys. You are the threat to america. That news came today from the mayor of louisville, kentucky. That mayor his name is greg fischer. As a civic leader its fair to say that greg fischer has not been a success. Louisville is a much worse place to live than it was when he took over, so as a mayor, greg fischer has failed. Thats undeniable. So hes found a new calling now. Greg...

(Bloomberg) -- Stocks posted small moves as traders focused on key inflation data in Europe and the Federal Reserve’s preferred price-growth measure for hints on the scope and timing of policy easing. Most Read from BloombergDonald Trump Becomes First Former US President Guilty of CrimesSouth Africa Election Results With 29% Voting Districts InTrump Is Guilty on All Counts in Hush-Money Case. Now What?World’s Largest Nuclear Plant Sits Idle While Energy Needs SoarInsurers Sink as UnitedHealth Se

Federal Reserve's John Williams believes monetary policy is restrictive, aiming to bring inflation down to the 2% target.

Atlanta Fed President Raphael Bostic stated on Thursday that he does not expect further rate hikes to be necessary to bring inflation down to the target. However, he cautioned that if inflation were to reaccelerate, "I'd have to take on board the likelihood that a rate increase is appropriate."

Dollar continues its struggle to find direction, and stay in familiar range against most major currencies except against Swiss Franc. Markets shift their focus to the upcoming release of April US PCE data for guidance. Currently Fed fund futures are indicating a 50/50 chance of a rate cut by September. Recent comments from Fed officials hinted at the unlikelihood of further rate hikes. However, Fed's outlook and market sentiment could shift dramatically if today's data suggests re-acceleration of inflation. But absent significant surprises, attention is likely to turn to next week�...