Atlanta Federal Reserve President Raphael Bostic spoke earlier, headline feedback right here:
In that submit you will notice he sees one other 25bp lower this yr and that is all.
He was talking on his up to date projections for final month’s Federal Open Market Committee (FOMC) assembly:
- “The median was for … 50 foundation factors extra, above and past the 50 foundation factors that was performed in September. My dot was 25 foundation factors extra”
And:
- “I’m conserving my choices open”
Bostic was the primary to sound warnings about no charge cuts earlier this yr earlier than the remainder of the Fed fell in behind him. The Financial institution remained on maintain till September. Will an analogous factor occur in Q1 … or H1 of 2025?
The Federal Open Market Committee (FOMC) subsequent meet on November 6 and seven, then December 17 and 18. After that:
