"If inflation stalls out or even starts moving in the opposite direction, away from our target, I don't think we'll have any other option but to respond to that," Bostic said at the University of Miami. Progress toward the Fed's 2% inflation goal has slowed in recent months, and U.S. central bankers have generally said that means they will likely hold rates at current levels for longer, with no urgency to cut them. Bostic himself has embraced that view, and currently projects one rate cut late in 2024 rather than the two rate cuts he had previously expected when inflation was coming down more rapidly.
Fed s Daly: Absolutely No Urgency to Cut US Interest Rates
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Less Than Half of U S Banks Ready to Borrow From Fed in Emergency
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A year after Silicon Valley Bank s
failure, less than half of U.S. banks have established borrowing
capacity by pledging collateral at the Federal Reserve s
emergency lending facility, according to. -April 12, 2024 at 02:13 pm EDT
- MarketScreener