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Fed s Raphael Bostic says rate hikes are no longer needed to fight inflation as employment gains slow

Federal Reserve Bank of Atlanta President Raphael Bostic said US employment gains are slowing in an orderly manner and there is no need to hike rates further…

Fed s Bostic: Rate hikes no longer needed as employment gains slow

The Fed is on a trajectory to get back to its 2% inflation target, and can get there by holding rates at the current level for a long period, Bostic said.

Here s What Economists Are Saying About the US Jobs Report

Here s What Economists Are Saying About the US Jobs Report
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Aspen Group Chief Urges Cash for Kids as Seniors Reap $29,000

(Bloomberg) Young Americans deserve more attention from US policymakers because they’re only getting a fraction of the average $29,000 doled out annually to people over age 65, according to the scholar who directs the Aspen Economic Strategy Group.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapCanada PM Justin Trudeau Splits With

Year of the Bond Dashed as Treasuries Set for Worst Week of 2023

(Bloomberg) Long-dated US Treasuries headed for their worst week of the year amid signs of unexpected resilience in the US’s economy and fresh reasons to fret about its ballooning budget deficit. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseCanada PM Justin Trudeau Splits With Wife Sophie GregoireS&P 500 Has Worst Day Since April After Big Rally: Markets WrapTreasury Rout Unnerves Traders as Stocks Retreat: Markets WrapMissing Goldman Sachs Analyst Con

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