Bostic is at it again – suggests ‘totally comfortable’ with a November Fed pause

October 10, 2024
-FCHFX

October 10, 2024 at 09:49PM
Greg had the news during the US session, a Wall Street Journal interview with Federal Reserve Bank of Atlanta President Raphael Bostic:

September’s stronger-than-expected CPI and payroll reports suggest the need to be patient and possibly pause.

This is a bit of an important ICYMI. Like I said, Bostic was the first to sound the alarm earlier in this year that resulted in expectations for the FOMC going from 6, or 7, rate cuts this year, to their pausing all the way to Spet.

Check out that link to Greg’s post for more.

The link to the Journal article is here. Its gated of course, but if you can access the SJ:

Fed’s Bostic Keeps Door Open to Skipping Rate Cut in November

Bostic hasn’t been out of the news this year:

Atlanta Fed President Bostic violated Federal Reserve trading rules

This article was written by Eamonn Sheridan at www.forexlive.com.

Bostic is at it again – suggests ‘totally comfortable’ with a November Fed pause