Fed's Bostic doesn't rule out skipping a November rate cut

Joshua Gibson FXStreet

According to reporting by the Wall Street Journal, Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic is open to the idea of skipping a rate cut in November if economic data still hasn't aligned with the Fed's target figures in time.

Key quotes

Bostic: I am totally comfortable with skipping a meeting if the data suggests that’s appropriate.

I'm open to not moving at one of the last two meetings if the data comes in as I expect.

This choppiness to me is along the lines of maybe we should take a pause in November. I'm definitely open to that.

(This story was corrected on October 10 at 17:34 GMT, as the original headline attributed the quotes to John Williams instead of Raphael Bostic.)

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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