INVESTING News Wire Oct 5, 2022 Fed’s Bostic Favors Raising Rates as High as 4.5% by Year-End
(Bloomberg) — Federal Reserve Bank of Atlanta President Raphael Bostic said he favors lifting interest rates to between 4% and 4.5% by the end of this year, and then keeping the tightening in place to reduce inflation that remains near a four-decade high. “I would like to reach a point where policy is moderately restrictive […]