Economics
Fed Rate-Hike Pause in September May ‘Make Sense,’ Bostic Says
- Atlanta Fed leader supports half-point hikes in June and July
- ‘Nothing is off the table’ depending on incoming data, he adds
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Federal Reserve Bank of Atlanta President Raphael Bostic said policy makers could potentially pause interest-rate increases in September after hiking by a half point at each of their next two meetings.
“I have got a baseline view where for me I think a pause in September might make sense,” Bostic told reporters Monday following a speech to the Rotary Club of Atlanta. “After we get through the summer and we think about where we are in terms of policy, I think a lot of it will depend on the on-the-ground dynamics that we are starting to see. My motto is observe and adapt.”