Fed's Bostic: We Are Close to Being Ready to Cut Interest Rates

8
2
Favorite

Fed's Bostic: We Are Close to Being Ready to Cut Interest Rates

Reuters08-23

Aug 23 (Reuters) - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.

"We are close...the numbers are starting to move in a direction which suggest that our policy has had its effect and we can start the pathway back to a normal policy posture," Bostic said in an interview with broadcaster CNBC.

"We can't wait until inflation is at 2% itself to start moving," Bostic added. "The data has come in in a way that would suggest that it's going to be appropriate to be closer to moving (interest rates) than further and for me I just want to make sure the next couple of data points are consistent with that."

Financial markets widely expect the U.S. central bank to begin reducing borrowing costs at its next policy meeting on Sept. 17-18. Bostic has previously said he's open to supporting a rate cut then.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

Basics101
·08-25
Gotta get the interest rate down so the government can borrow some more.
Reply
Like
Report
Dr Rck
·08-23
Why? Is it too expensive to live in a 'healthy labour workforce' business environment while layoffs are still ongoing for some companies. Btw, how soon will companies rehire those retrenched workers and see a healthy rise in employment rate? Will the Fed continue to use fiscal policy to spend more on strategic sectors at the same time interest ratea are cut because these two may increase price pressure again and budget deficit even more? I think govt budget will be tighten while interest rate begins cutting which means there will be far less jobs in time to come as previously jobs were very much supported by govt spending? So oops, expect soft if not hard landing to come folks!!
Reply
54
Report
Fold Replies
- LiverpoolRed:
  Thanks for sharing
  08-27
  Reply
  Report
- Dr Rck:
  But trends had shown that stock market will rise for the next two weeks before retreating of earning reports are bad!
  08-27
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2461960145?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-23 21:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2461960145","market":"us","top_or_hot":-1,"title":"Fed's Bostic: We Are Close to Being Ready to Cut Interest Rates","media":"Reuters","content":"<html><head></head><body><p>Aug 23 (Reuters) - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.</p><p>&#34;We are close...the numbers are starting to move in a direction which suggest that our policy has had its effect and we can start the pathway back to a normal policy posture,&#34; Bostic said in an interview with broadcaster CNBC.</p><p>&#34;We can&#39;t wait until inflation is at 2% itself to start moving,&#34; Bostic added. &#34;The data has come in in a way that would suggest that it&#39;s going to be appropriate to be closer to moving (interest rates) than further and for me I just want to make sure the next couple of data points are consistent with that.&#34;</p><p>Financial markets widely expect the U.S. central bank to begin reducing borrowing costs at its next policy meeting on Sept. 17-18. Bostic has previously said he&#39;s open to supporting a rate cut then.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed's Bostic: We Are Close to Being Ready to Cut Interest Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed's Bostic: We Are Close to Being Ready to Cut Interest Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-23 21:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 23 (Reuters) - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.\"We are close...the ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2461960145","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2461960145","pubTimestamp":1724418381,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Aug 23  - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.   \"We are close...the numbers are starting to move in a direction which suggest that our policy has had its effect and we can start the pathway back to a normal policy posture,\" Bostic said in an interview with broadcaster CNBC.   \"We can't wait until inflation is at 2% itself to start moving,\" Bostic added. \"The data has come in in a way that would suggest that it's going to be appropriate to be closer to moving  than further and for me I just want to make sure the next couple of data points are consistent with that.\"   Financial markets widely expect the U.S. central bank to begin reducing borrowing costs at its next policy meeting on Sept. 17-18. Bostic has previously said he's open to supporting a rate cut then. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"translate_title":"美联储博斯蒂克：我们已接近准备好降息","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":1.1,".IXIC":1.1,".SPX":1.1},"content_text":"Aug 23 (Reuters) - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.\"We are close...the numbers are starting to move in a direction which suggest that our policy has had its effect and we can start the pathway back to a normal policy posture,\" Bostic said in an interview with broadcaster CNBC.\"We can't wait until inflation is at 2% itself to start moving,\" Bostic added. \"The data has come in in a way that would suggest that it's going to be appropriate to be closer to moving (interest rates) than further and for me I just want to make sure the next couple of data points are consistent with that.\"Financial markets widely expect the U.S. central bank to begin reducing borrowing costs at its next policy meeting on Sept. 17-18. Bostic has previously said he's open to supporting a rate cut then.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":342227091132640,"gmtCreate":1724573383676,"gmtModify":1724575087014,"author":{"id":"4110329905587722","authorId":"4110329905587722","name":"Basics101","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4110329905587722","authorIdStr":"4110329905587722"},"htmlText":"Gotta get the interest rate down so the government can borrow some more.&nbsp;","listText":"Gotta get the interest rate down so the government can borrow some more.&nbsp;","text":"Gotta get the interest rate down so the government can borrow some more.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342227091132640","repostId":2461960145,"repostType":4,"repost":{"id":"2461960145","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1724418381,"share":"https://ttm.financial/m/news/2461960145?lang=&edition=fundamental","pubTime":"2024-08-23 21:06","market":"us","language":"en","title":"Fed's Bostic: We Are Close to Being Ready to Cut Interest Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2461960145","media":"Reuters","summary":"Aug 23  - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.   \"We are close...the numbers are starting to move in a direction which suggest that our policy has had its effect and we can start the pathway back to a normal policy posture,\" Bostic said in an interview with broadcaster CNBC.   \"We can't wait until inflation is at 2% itself to start moving,\" Bostic added. \"The data has come in in a way that would suggest that it's going to be appropriate to be closer to moving  than further and for me I just want to make sure the next couple of data points are consistent with that.\"   Financial markets widely expect the U.S. central bank to begin reducing borrowing costs at its next policy meeting on Sept. 17-18. Bostic has previously said he's open to supporting a rate cut then. ","content":"<html><head></head><body><p>Aug 23 (Reuters) - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.</p><p>&#34;We are close...the numbers are starting to move in a direction which suggest that our policy has had its effect and we can start the pathway back to a normal policy posture,&#34; Bostic said in an interview with broadcaster CNBC.</p><p>&#34;We can&#39;t wait until inflation is at 2% itself to start moving,&#34; Bostic added. &#34;The data has come in in a way that would suggest that it&#39;s going to be appropriate to be closer to moving (interest rates) than further and for me I just want to make sure the next couple of data points are consistent with that.&#34;</p><p>Financial markets widely expect the U.S. central bank to begin reducing borrowing costs at its next policy meeting on Sept. 17-18. Bostic has previously said he&#39;s open to supporting a rate cut then.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed's Bostic: We Are Close to Being Ready to Cut Interest Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed's Bostic: We Are Close to Being Ready to Cut Interest Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-08-23 21:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Aug 23 (Reuters) - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.</p><p>&#34;We are close...the numbers are starting to move in a direction which suggest that our policy has had its effect and we can start the pathway back to a normal policy posture,&#34; Bostic said in an interview with broadcaster CNBC.</p><p>&#34;We can&#39;t wait until inflation is at 2% itself to start moving,&#34; Bostic added. &#34;The data has come in in a way that would suggest that it&#39;s going to be appropriate to be closer to moving (interest rates) than further and for me I just want to make sure the next couple of data points are consistent with that.&#34;</p><p>Financial markets widely expect the U.S. central bank to begin reducing borrowing costs at its next policy meeting on Sept. 17-18. Bostic has previously said he&#39;s open to supporting a rate cut then.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2461960145","content_text":"Aug 23 (Reuters) - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.\"We are close...the numbers are starting to move in a direction which suggest that our policy has had its effect and we can start the pathway back to a normal policy posture,\" Bostic said in an interview with broadcaster CNBC.\"We can't wait until inflation is at 2% itself to start moving,\" Bostic added. \"The data has come in in a way that would suggest that it's going to be appropriate to be closer to moving (interest rates) than further and for me I just want to make sure the next couple of data points are consistent with that.\"Financial markets widely expect the U.S. central bank to begin reducing borrowing costs at its next policy meeting on Sept. 17-18. Bostic has previously said he's open to supporting a rate cut then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":341624815845624,"gmtCreate":1724426434827,"gmtModify":1724761978798,"author":{"id":"3576157343730083","authorId":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3576157343730083","authorIdStr":"3576157343730083"},"htmlText":"Why? Is it too&nbsp;expensive to live in a 'healthy labour workforce' business environment while layoffs are still ongoing for some companies. Btw, how soon will companies rehire those retrenched workers and see a healthy rise in employment rate? Will the Fed continue to use fiscal policy to spend more on strategic sectors at the same time interest ratea are cut because these two may increase price pressure again and budget deficit even more? I think govt budget will be tighten while interest rate begins cutting which means there will be far less jobs in time to come as previously jobs were very much supported by govt spending? So oops, expect soft if not hard landing to come folks!!","listText":"Why? Is it too&nbsp;expensive to live in a 'healthy labour workforce' business environment while layoffs are still ongoing for some companies. Btw, how soon will companies rehire those retrenched workers and see a healthy rise in employment rate? Will the Fed continue to use fiscal policy to spend more on strategic sectors at the same time interest ratea are cut because these two may increase price pressure again and budget deficit even more? I think govt budget will be tighten while interest rate begins cutting which means there will be far less jobs in time to come as previously jobs were very much supported by govt spending? So oops, expect soft if not hard landing to come folks!!","text":"Why? Is it too expensive to live in a 'healthy labour workforce' business environment while layoffs are still ongoing for some companies. Btw, how soon will companies rehire those retrenched workers and see a healthy rise in employment rate? Will the Fed continue to use fiscal policy to spend more on strategic sectors at the same time interest ratea are cut because these two may increase price pressure again and budget deficit even more? I think govt budget will be tighten while interest rate begins cutting which means there will be far less jobs in time to come as previously jobs were very much supported by govt spending? So oops, expect soft if not hard landing to come folks!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":54,"commentSize":2,"repostSize":4,"link":"https://ttm.financial/post/341624815845624","repostId":2461960145,"repostType":2,"repost":{"id":"2461960145","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1724418381,"share":"https://ttm.financial/m/news/2461960145?lang=&edition=fundamental","pubTime":"2024-08-23 21:06","market":"us","language":"en","title":"Fed's Bostic: We Are Close to Being Ready to Cut Interest Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2461960145","media":"Reuters","summary":"Aug 23  - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.   \"We are close...the numbers are starting to move in a direction which suggest that our policy has had its effect and we can start the pathway back to a normal policy posture,\" Bostic said in an interview with broadcaster CNBC.   \"We can't wait until inflation is at 2% itself to start moving,\" Bostic added. \"The data has come in in a way that would suggest that it's going to be appropriate to be closer to moving  than further and for me I just want to make sure the next couple of data points are consistent with that.\"   Financial markets widely expect the U.S. central bank to begin reducing borrowing costs at its next policy meeting on Sept. 17-18. Bostic has previously said he's open to supporting a rate cut then. ","content":"<html><head></head><body><p>Aug 23 (Reuters) - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.</p><p>&#34;We are close...the numbers are starting to move in a direction which suggest that our policy has had its effect and we can start the pathway back to a normal policy posture,&#34; Bostic said in an interview with broadcaster CNBC.</p><p>&#34;We can&#39;t wait until inflation is at 2% itself to start moving,&#34; Bostic added. &#34;The data has come in in a way that would suggest that it&#39;s going to be appropriate to be closer to moving (interest rates) than further and for me I just want to make sure the next couple of data points are consistent with that.&#34;</p><p>Financial markets widely expect the U.S. central bank to begin reducing borrowing costs at its next policy meeting on Sept. 17-18. Bostic has previously said he&#39;s open to supporting a rate cut then.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed's Bostic: We Are Close to Being Ready to Cut Interest Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed's Bostic: We Are Close to Being Ready to Cut Interest Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-08-23 21:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Aug 23 (Reuters) - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.</p><p>&#34;We are close...the numbers are starting to move in a direction which suggest that our policy has had its effect and we can start the pathway back to a normal policy posture,&#34; Bostic said in an interview with broadcaster CNBC.</p><p>&#34;We can&#39;t wait until inflation is at 2% itself to start moving,&#34; Bostic added. &#34;The data has come in in a way that would suggest that it&#39;s going to be appropriate to be closer to moving (interest rates) than further and for me I just want to make sure the next couple of data points are consistent with that.&#34;</p><p>Financial markets widely expect the U.S. central bank to begin reducing borrowing costs at its next policy meeting on Sept. 17-18. Bostic has previously said he&#39;s open to supporting a rate cut then.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2461960145","content_text":"Aug 23 (Reuters) - The Federal Reserve is on the cusp of being in a position to start lowering its benchmark interest rate, Atlanta Fed President Raphael Bostic said on Friday.\"We are close...the numbers are starting to move in a direction which suggest that our policy has had its effect and we can start the pathway back to a normal policy posture,\" Bostic said in an interview with broadcaster CNBC.\"We can't wait until inflation is at 2% itself to start moving,\" Bostic added. \"The data has come in in a way that would suggest that it's going to be appropriate to be closer to moving (interest rates) than further and for me I just want to make sure the next couple of data points are consistent with that.\"Financial markets widely expect the U.S. central bank to begin reducing borrowing costs at its next policy meeting on Sept. 17-18. Bostic has previously said he's open to supporting a rate cut then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":342949877694584,"gmtCreate":1724768214063,"gmtModify":1724768218811,"authorId":3582029733148232,"author":{"id":3582029733148232,"idStr":"3582029733148232","authorId":3582029733148232,"name":"LiverpoolRed","avatar":"https://community-static.tradeup.com/news/a3f6d64be1c39dfd245a3348d690b450","vip":1,"currentWearingBadge":{"badgeId":"774ec6f7ffe24a9989b2ca2e139f4b37-1","templateUuid":"774ec6f7ffe24a9989b2ca2e139f4b37","name":"Argentinian Tiger","description":"Joined related football topic in the Tiger community","bigImgUrl":"https://community-static.tradeup.com/news/c4b9257022d333bf6d664b757ae424bf","smallImgUrl":"https://community-static.tradeup.com/news/c4b9257022d333bf6d664b757ae424bf","redirectLinkEnabled":0,"redirectLink":"https://ttm.financial/TW/9928304122","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":3,"allocatedDate":"2022.12.18","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":4001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":341624815845624,"type":1,"supId":0,"prevId":0,"content":"Thanks for <u>sharing</u>","text":"Thanks for <u>sharing</u>","html":"Thanks for <u>sharing</u>"},{"id":342765283230080,"gmtCreate":1724689430479,"gmtModify":1724689435802,"authorId":3576157343730083,"author":{"id":3576157343730083,"idStr":"3576157343730083","authorId":3576157343730083,"name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":341624815845624,"type":1,"supId":0,"prevId":0,"content":"But trends had shown that stock market will rise for the next two weeks before retreating of earning reports are bad!","text":"But trends had shown that stock market will rise for the next two weeks before retreating of earning reports are bad!","html":"But trends had shown that stock market will rise for the next two weeks before retreating of earning reports are bad!"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":8,"commentSize":2,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}