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.
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