Fundamental: Fed’s Bostic Urges 5% to 5.25% Rates Into 2024 to Curb Inflation

Federal Reserve Bank of Atlanta President Raphael Bostic called for continued interest-rate hikes to above 5% ensure that inflation returns to the central bank's target and doesn't reaccelerate in a pattern similar to the 1970s. "I think we will need to raise the federal funds rate to between 5% and 5.25% and leave it there until well into 2024," Bostic ...     Alert Mar 2, 2023, 12:17am Fundamental: Fed's Bostic Urges 5% to 5.25% Rates Into 2024 to Curb Inflation Federal Reserve Bank of Atlanta President Raphael Bostic called for continued interest-rate hikes to above 5% ensure that inflation returns to the central bank's target and doesn't reaccelerate in a pattern similar to the 1970s. "I think we will need to raise the federal funds rate to between 5% and 5.25% and leave it there until well into 2024," Bostic ... 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