Fed's Bostic: rate hikes this year is the correct path

Haresh Menghani FXStreet

Speaking about the economic outlook at the Augusta Cotton Exchange, in Georgia, Atlanta President Raphael Bostic was noted saying that we raised 2018 US GDP forecast to 2.4%-2.5% on fiscal policy.

Additional quotes:

• Not certain how firms will respond to tax cuts.
• Confirms rate hikes this year is the correct path.
• I am at three hikes now with the extra stimulus.
• Consumer spending is strong but hasn't exploded.
• 3.9% unemployment is 'extremely low'.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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