Fundamental: Fed’s Bostic Open to Seeking Higher Rate Peak If Data Stays Hot

Federal Reserve Bank of Atlanta President Raphael Bostic said he still prefers to raise rates by another quarter percentage point when officials meet later this month, but is mulling whether central bankers need to lift borrowing costs higher than the range of 5% to 5.25% he's endorsed to defeat inflation. "I let the data guide me," Bostic told reporters in ...     Alert Mar 3, 2023, 5:00am Fundamental: Fed's Bostic Open to Seeking Higher Rate Peak If Data Stays Hot Federal Reserve Bank of Atlanta President Raphael Bostic said he still prefers to raise rates by another quarter percentage point when officials meet later this month, but is mulling whether central bankers need to lift borrowing costs higher than the range of 5% to 5.25% he's endorsed to defeat inflation. "I let the data guide me," Bostic told reporters in ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support