financetom
Economy
financetom
/
Economy
/
Fed's Bostic: Not comfortable cutting rates again until there is more clarity on inflation, other policies
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fed's Bostic: Not comfortable cutting rates again until there is more clarity on inflation, other policies
Feb 12, 2025 10:36 AM

WASHINGTON (Reuters) - Atlanta Federal Reserve President Raphael Bostic said on Wednesday it is not clear when the Fed can cut interest rates again given uncertainty around the path of inflation and the scope of possible changes to tariff and other policies coming from the Trump administration.

"It's going to take a while to just figure out what is going on," Bostic said in a presentation to business executives in Atlanta as data showed inflation jumped in January and the administration was levying extensive new import taxes on basic metals and other goods.

The next cut "is going to happen later than it would have otherwise ... It may be that the fog lifts quickly or it may be that complexity increases and the fog stays with us."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Gas Prices Set For Summer Spike: West Coast Consumers Already Paying More Than $4 A Gallon
Gas Prices Set For Summer Spike: West Coast Consumers Already Paying More Than $4 A Gallon
Mar 19, 2024
Gas prices at the pump are on the rise and could lead to a higher national average next month, exacerbating inflation concerns and lowering the prospect of interest rate cuts during the first half of 2024. According to the American Automobile Association’s Gas Prices Monitor, the national average price of a gallon of regular gas hit $3.49 on Tuesday. Some...
Top US congressional Republican, Democrat say deal reached on spending
Top US congressional Republican, Democrat say deal reached on spending
Mar 19, 2024
WASHINGTON (Reuters) -The top Republican and Democrat in the U.S. Congress on Tuesday said they had reached a deal to keep the government funded through the rest of the fiscal year that began in October, setting off a race to pass it before a weekend shutdown deadline. The last sticking point was funding for the Department of Homeland Security, as...
US single-family housing starts soar in February
US single-family housing starts soar in February
Mar 19, 2024
WASHINGTON (Reuters) - U.S. single-family homebuilding rebounded sharply in February amid mild temperatures and a persistent shortage of previously owned houses on the market. Single-family housing starts, which account for the bulk of homebuilding, surged 11.6% to a seasonally adjusted annual rate of 1.129 million units last month, the Commerce Department's Census Bureau said on Tuesday. Data for January was...
US Dollar Rises Early Tuesday Ahead of Housing Starts, Redbook Data
US Dollar Rises Early Tuesday Ahead of Housing Starts, Redbook Data
Mar 19, 2024
07:44 AM EDT, 03/19/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday ahead of the release of home building data for February at 8:30 am ET and weekly Redbook same-store sales at 8:55 am ET. The Atlanta Federal Reserve's gross domestic product Nowcast estimate for Q1 is expected to be released around midday, with...
Copyright 2023-2025 - www.financetom.com All Rights Reserved