Stock Groups

could start normalizing interest rates next summer -Breaking


© Reuters. FILE PHOTO Raphael Bostic is the President of Federal Reserve Bank of Atlanta. He walks in to the three-day conference “Challenges for Monetary Policy”, held in Jackson Hole (Wyoming), U.S.A, on August 23, 2019. REUTERS/Jonathan Crosby

(Reuters) – Raphael Bostic, President of Atlanta Federal Reserve said Thursday that he thinks the Fed will raise interest rates by the middle next year. This would be when the U.S. economic system has regained its vibrant labor market before the pandemic.

Bostic told Marketplace that our projections show that the economic number will remain pretty close to pre-pandemic levels by the end of the next year. “And at that point, I think it’s appropriate for us to try to normalize our interest rate policy.”

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.