{"id":169679,"date":"2023-11-06T11:24:26","date_gmt":"2023-11-06T08:24:27","guid":{"rendered":"http:\/\/kupitiblog.store\/576r\/feds-bostic-cheered-by-jobs-data-still-leans-against-further-rate-hikes\/"},"modified":"2023-11-06T11:24:26","modified_gmt":"2023-11-06T08:24:27","slug":"feds-bostic-cheered-by-jobs-data-still-leans-against-further-rate-hikes","status":"publish","type":"post","link":"https:\/\/kupitiblog.store\/576r\/feds-bostic-cheered-by-jobs-data-still-leans-against-further-rate-hikes\/","title":{"rendered":"Fed&#8217;s Bostic, cheered by jobs data, still leans against further rate hikes"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2023\/11\/92b7813dd9f571b6ec501a522c3320c6.jpg\"  \/><br \/>\n<span class=\"text\"> FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS\/Clodagh Kilcoyne\/File Photo<\/span><br \/>\n<i class=\"imgGrad\"><\/i><\/p>\n<p>By Michael S. Derby<\/p>\n<p>NEW YORK (Reuters) -Federal Reserve Bank of Atlanta President Raphael Bostic, weighing in after the release of the latest round of jobs data, said on Friday that the economy&#8217;s current path appears to indicate that further interest rate increases will not be required. <\/p>\n<p>&#171;My outlook is that we are going to stay on that slow and steady (growth path) and if we continue to do that, then I think where we are now will be sufficiently restrictive to get us to the 2% level for inflation,&#187; Bostic said in an interview on Bloomberg&#8217;s television channel. <\/p>\n<p>Even so, he said, &#171;there&#8217;s still a lot that\u2019s going to happen between now and even the next meeting. We&#8217;re going to get a couple of jobs numbers, we&#8217;re going to get a couple of readings for inflation, and that&#8217;ll tell us and give us more signals as to what&#8217;s going on in the economy.&#187; <\/p>\n<p>Bostic talked to the television channel following the release earlier in the day of hiring data for October that showed the economy added 150,000 new jobs amid a small uptick in the unemployment rate to 3.9% from 3.8% the prior month. Wage gains also moderated. <\/p>\n<p>The jobs report came after the Fed earlier this week held its short-term interest rate target at the 5.25% to 5.5% level it has been at since late July. The Fed preserved the option to raise rates further but most investors believe it won&#8217;t, and the jobs data helped bolster the case for no further action. <\/p>\n<p>When it came to the hiring news, Bostic said &#171;I&#8217;m pleased with where the number came in,&#187; noting it is at a level &#171;that is consistent with what my outlook has been, and it really tells me that our policies are really starting to work through the economy in a way that can help us get to our 2% target for inflation with minimal pain.&#187;<\/p>\n<\/p>\n<p>Bostic said he is not looking for the U.S. to have a recession as part of his current forecast. <\/p>\n<p>The official also said that he expects to see inflation pressures close to the 2% arriving some time in the latter half of next year. And while he didn&#8217;t say when the Fed would need to cut rates, Bostic said &#171;as we get closer and closer to our target, we&#8217;re going to have to think about moderating the level of our policy stance. But that&#8217;s down the road.&#187;<\/p>\n<p><p><a target=\"_blank\" rel=\"nofollow noopener\" href=\"http:\/\/www.investing.com\/news\/economy\/feds-bostic-says-hes-leaning-against-additional-rate-hikes-3221998\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS\/Clodagh Kilcoyne\/File Photo By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Atlanta President Raphael Bostic, weighing in after the release of the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3347],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fed&#039;s Bostic, cheered by jobs data, still leans against further rate hikes - BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed&#039;s Bostic, cheered by jobs data, still leans against further rate hikes - BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS\/Clodagh Kilcoyne\/File Photo By Michael S. 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