Fed's Bostic: Would favour 4th rate hike this year

Eren Sengezer FXStreet

Additional comments from Atlanta Fed President Raphael Bostic continue to cross the wires with key quotes, via Reuters, found below.

Would favour 4th rate hike this year.
Equity sell-off will prompt him to start asking businesses if they are seeing weakness in real economy develop.
Strong expected Q3 GDP made him more comfortable with a 4th rate increase this year.
Still trying to understand how quickly strong recent growth might dissipate.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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