Fed's Bostic says U.S. not past 'worry point' for inflation
The Federal Reserve may need to wait longer to cut interest rates because even with April's slightly cooler inflation reading there is continued upward
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The Federal Reserve may need to wait longer to cut interest rates because even with April's slightly cooler inflation reading there is continued upward
Stocks Drop Despite Nvidia's Big Rally Dow falls 600 points in worst day since March 2023. Expect Higher-for-Longer Interest Rates, Fed's Bostic Says Atlanta Federal Reserve President...
MARKET WRAPS Watch For: Germany GDP; France monthly business survey; UK retail sales; no major corporate updates expected Opening Call: European stock futures were lower early...
Atlanta Fed President Raphael Bostic emphasized caution regarding interest rate cuts, stating that the US economy is not yet past the "worry point" for inflation to return to the target of 2%.
Stocks Drop Despite Nvidia's Big Rally Dow falls 600 points in worst day since March 2023. Expect Higher-for-Longer Interest Rates, Fed's Bostic Says Atlanta Federal Reserve President... -May 24, 2024 at 01:16 am EDT - MarketScreener