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Bostic Repeats Preference for One Last Hike

FED
  • Atlanta Fed President Bostic speaks on CNBC, stating that one more rate increase is his baseline, favouring going on hold after delivering one more hike. Bostic adds that acute banking system tension appears to be subsiding, but tighter credit conditions could help do the Fed's work.
  • Not a new view from the Atlanta Fed Pres, who's argued that aggressive rate hikes last year are now starting to "bite", and a pause would help limit the damage to growth and jobs.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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