Fed's Bostic: Still expecting one more interest rate hike by year's end
|Additional comments from Atlanta Fed President Raphael Bostic recently crossed the wires, with key quotes (via Reuters) found below:
- Still expecting one more interest rate hike by year's end, but not wedded to it
- Will be studying September job losses to see if they are within bounds of what was expected, given effect of hurricanes
- If economy continues to grow as expected would be comfortable with December rate hike, but 'the numbers have surprised us before'
- Expects U.S. central bank's policy of slow steady return of rates to normal levels to continue in 2018
- Has not baked any change in fiscal policies into economic forecasts
- Details on tax plan will matter a lot, unclear whether companies would use tax savings to invest or just reposition debt or equity
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