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FED: Bostic Definitely Open To Pausing In November

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  • Atlanta Fed’s Bostic (’24 voter) has told the WSJ that he is “totally comfortable with skipping a meeting if the data suggests that's appropriate."
  • From the WSJ write-up:
  • In new projections submitted at [the September FOMC] meeting, Bostic penciled in one more quarter-point cut this year. "So that already signals that I'm open to not moving at one of the last two meetings if the data comes in as I expect," said Bostic.
  • Bostic spoke after the Labor Department reported earlier in the day that the September consumer-price index was slightly firmer than economists had expected. Employment was also stronger than expected in last week's September payroll report.
  • "This choppiness to me is along the lines of maybe we should take a pause in November. I'm definitely open to that," Bostic said. "I think we have the ability to be patient and wait and let things play out a little longer.... There are elements of today's report which I think validate that view."
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  • Atlanta Fed’s Bostic (’24 voter) has told the WSJ that he is “totally comfortable with skipping a meeting if the data suggests that's appropriate."
  • From the WSJ write-up:
  • In new projections submitted at [the September FOMC] meeting, Bostic penciled in one more quarter-point cut this year. "So that already signals that I'm open to not moving at one of the last two meetings if the data comes in as I expect," said Bostic.
  • Bostic spoke after the Labor Department reported earlier in the day that the September consumer-price index was slightly firmer than economists had expected. Employment was also stronger than expected in last week's September payroll report.
  • "This choppiness to me is along the lines of maybe we should take a pause in November. I'm definitely open to that," Bostic said. "I think we have the ability to be patient and wait and let things play out a little longer.... There are elements of today's report which I think validate that view."