Reserve one

Gemstone
2022-05-10

(Reuters) - The U.S. Federal Reserve can stick to half point interest rate hikes for the next two to three meetings then assess how the economy and inflation are responding before deciding whether further rises are needed, the Atlanta Fed president said.

The half point increase approved by the Fed last week "is already a pretty aggressive move. I don't think we need to be moving even more aggressively," Raphael Bostic said in comments to Bloomberg on Monday that appear to rule out a larger three-quarter point hike.

"I think we can stay at this pace and this cadence and really see how the markets evolve ... We are going to move a couple times, maybe two, maybe three times, see how the economy responds, see if inflation continues to move closer to our 2% target, then we can take a pause and see how things are going."

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Comments

  • HilaryWilde
    2022-05-10
    HilaryWilde
    At present, the market is affected by the rate rise is still very big.
  • Maria_yy
    2022-05-10
    Maria_yy
    Anything short of a 75 basis point rate hike is good news.
  • DonnaMay
    2022-05-10
    DonnaMay
    The Fed has raised rates too far.
  • aceralvin
    2022-05-10
    aceralvin
    👍
  • hosw76
    2022-05-10
    hosw76
    [强]
  • milopeng
    2022-05-10
    milopeng
    ok
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