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Fed's Bostic backs raising interest rates to 5.25%, says he is agnostic about size of expected February move

Por: MarketWatch Politics January 07, 2023

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Last month, the Fed raised the top end of its benchmark rate by 50 basis points to 4.5%. The Fed will meet again on Jan. 31- Feb. 1 to set monetary policy. Asked if the December jobs report justified another 50 basis point move or a slower quarter-point increase, Bostic said it was right in the middle. “I am open to both,” he said. Bostic said the business community viewed the recent Christmas holiday sales season as “a big driver about... + full article



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