Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

Fed’s Bostic says he remains open to faster taper and one or two rate hikes in 2022

by
November 27, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

FDA advisors recommend replacing original Covid vaccine with bivalent omicron shots for all doses

Intel shares drop on weak quarterly results and expectations for another quarter of losses

Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta.

Elijah Nouvelage | Bloomberg | Getty Images

Atlanta Federal Reserve President Raphael Bostic said on Friday he is hopeful that the momentum of the U.S. economy will carry it through the next wave of the coronavirus pandemic, and said he remains open to accelerating the pace of the central bank’s bond taper.

Earlier on Friday, the World Health Organization said it was designating the new omicron variant, first identified in South Africa, as being “of concern.”

If the new omicron coronavirus variant follows the pattern seen with previous variants, it should cause less of an economic slowdown than the delta variant, Bostic said.

“We have a lot of momentum in the economy right now,” Bostic said during an interview with Fox News, citing strong jobs growth. “And that momentum, I’m hopeful, will be able to carry us through this next wave, however it turns out.”

Bostic reiterated that he is open to speeding up the pace at which the central bank slows down its asset purchases so officials can have greater flexibility to respond to surging inflation.

It could be “reasonable,” Bostic said, for the Fed to potentially conclude its asset purchases by the end of the first quarter next year, or early in the second quarter, if the economy continues on the same trajectory. At the current pace, Fed officials would be done tapering purchases by the middle of next year. Policymakers will meet again on Dec. 14-15.

The news of the omicron variant spurred investors to lower their expectations on Friday for how quickly the Fed and other central banks may raise interest rates next year.

According to CME’s FedWatch tool, money market traders were pricing in a 53.7% chance of at least one rate hike by the Federal Open Market Committee’s June meeting as of Friday afternoon, down from an 82.1% chance on Wednesday.

Bostic said on Friday that he has not ruled out any possible actions and said it is “certainly possible” for the Fed to raise interest rates at least twice next year if inflation remains elevated.

“We’re not going to let inflation get out of control,” Bostic said.

ShareTweetPin

Related Posts

FDA advisors recommend replacing original Covid vaccine with bivalent omicron shots for all doses

by
January 26, 2023
0

The new COVID-19 booster which includes protection for Omicron at AltaMed Health Services in South Gate on Thursday, October 6,...

Luxury retailer LVMH is optimistic as it sees Chinese shoppers and tourists returning

by
January 26, 2023
0

In this article MC-FR Follow your favorite stocksCREATE FREE ACCOUNT Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis...

Intel shares drop on weak quarterly results and expectations for another quarter of losses

by
January 26, 2023
0

In this article INTC Follow your favorite stocksCREATE FREE ACCOUNT Intel CEO Pat Gelsinger stands in front of a cathedral...

Bed Bath & Beyond warns it can’t pay down debts, defaults on credit line

by
January 26, 2023
0

In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT Signage is seen through an overturned shopping cart outside a...

Hasbro warns of weak holiday quarter results, cuts 15% of its workforce

by
January 26, 2023
0

In this article HAS Follow your favorite stocksCREATE FREE ACCOUNT Game maker Hasbro Justin Sullivan | Getty Images Shares of...

Next Post

Blockchain ETFs vs. Bitcoin ETFs: What's the Difference?

Cathie Wood’s ARK Funds Bought Robinhood and Exact Sciences, Sold Tesla.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Biden didn’t accept Putin’s ‘red lines’ on Ukraine – here’s what that means

    0 shares
    Share 0 Tweet 0
  • Buying a car from the factory sounds expensive, but it can actually save you money. Here’s how to do it.

    0 shares
    Share 0 Tweet 0
  • The states that won’t tax military retirement in 2022

    0 shares
    Share 0 Tweet 0
  • Roth TSP vs. Roth IRA: How Do They Compare?

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com