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Search resuls for: "Fed's Raphael Bostic"


5 mentions found


☆ Gold hovers near 3-month peak as eyes on Powell's testimony
  + stars: | 2024-03-05 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea, on Oct. 13, 2023. Gold prices steadied near a three-month peak on Tuesday, supported by subdued U.S. manufacturing and construction spending, as investors awaited testimony from Federal Reserve Chair Jerome Powell and key jobs data later this week. Spot gold was flat at $2,114.59 per ounce, as of 0423 GMT, hovering around Monday's levels of $2119.69 that marked its highest point since Dec. 4. London's gold price benchmark hit an all-time high of $2,098.05 per troy ounce at an afternoon auction on Monday. The world's largest gold-backed exchange-traded fund, SPDR Gold Trust's GLD holdings were down 10% from the previous year as of March 4.
Persons: Jerome Powell, Joni Teves, Fed's Raphael Bostic, Teves Organizations: Korea Gold Exchange, Federal, UBS, Data, ANZ Locations: Seoul, South Korea, U.S
☆ Fed's Raphael Bostic expects rate cuts to happen in the third quarter
  + stars: | 2024-01-18 | by ( Jeff Cox | ) www.cnbc.com   time to read: +3 min
Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying Thursday that inflation is well on its way back to the central bank's goal. While the remarks help illuminate a timeline for rate cuts, they also serve as a reminder that Fed officials and market participants have different expectations about policy easing. The implied probability for a quarter percentage point reduction has decreased in recent days but still stood around 57% on Thursday morning. Pricing further indicates a total of six cuts this year, or one at every FOMC meeting but one from March forward. "In such an unpredictable environment, it would be unwise to lock in an emphatic approach to monetary policy," Bostic said.
Persons: Raphael Bostic, Bostic, he's Organizations: Atlanta Federal Reserve, Market, Commerce, Labor Department, CNBC PRO Locations: Atlanta, Washington
☆ Fed's Raphael Bostic doesn't foresee rate cuts coming until 'late 2024'
  + stars: | 2023-10-20 | by ( Jeff Cox | ) www.cnbc.com   time to read: +1 min
Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn't envision interest rate cuts happening until well into 2024. "I would say late 2024," Bostic replied when asked for a time frame when the first decrease could come. The Fed has raised its key borrowing rate 11 times since March 2022 for a total of 5.25 percentage points. My outlook says that inflation is going to come down but it's not going to like fall off a cliff," Bostic said during the "Squawk Box" interview. Bostic is not a voting member this year of the rate-setting Federal Open Market Committee, but will get a vote in 2024.
Persons: Raphael Bostic, there's, Bostic, it's Organizations: Atlanta Federal Reserve, CNBC, Fed, Market Locations: Atlanta
☆ Morning Bid: Markets regain footing with focus back on Fed
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +2 min
The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. Meanwhile, 10-year U.S. Treasuries managed their sharpest rally in more than a month at the Tokyo opening on Tuesday, on a combination of the dovish Fed remarks and demand for safe assets. Markets will have plenty more chances to hear from Fed officials, who will be out in full force at events on Tuesday while minutes of their September monetary policy meeting will be published on Wednesday. Elsewhere, the IMF and World Bank annual meetings in Morocco get into full swing, with a range of leading global policymakers set to speak. European Central Bank President Christine Lagarde makes her appearance at the meetings on Tuesday, speaking after economic data the previous day added fuel to fears of a potential recession in Germany, the euro zone's largest economy.
Persons: Jason Reed, Brigid Riley, Treasuries, Christine Lagarde, Fed's Raphael Bostic, Christopher Waller, Neel Kashkari, Mary Daly, Edmund Klamann Organizations: U.S . Federal, REUTERS, Federal Reserve, Treasury, IMF, World Bank, European Central Bank, PepsiCo, Bank, Thomson Locations: Washington, U.S, Tokyo, Morocco, Germany, Asia, China, Sweden
☆ Atlanta Fed President Raphael Bostic: Monetary policy is sufficiently restrictive
  + stars: | 2023-10-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAtlanta Fed President Raphael Bostic: Monetary policy is sufficiently restrictiveCNBC's Steve Liesman joins 'The Exchange' to discuss Atlanta Fed's Raphael Bostic being the first of the Fed officials to publicly state that interest rate levels have hit sufficiently restrictive territory, and questions about how long the Fed should hold high rates.
Persons: Raphael Bostic, Steve Liesman, Atlanta Fed's Raphael Bostic Organizations: Atlanta
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