Fed's Bostic says he's leaning toward a half percentage point interest rate hike in September

Atlanta Fed President Raphael Bostic said Friday he's leaning toward a 50 basis point rate hike in September.

Atlanta Federal Reserve President Raphael Bostic said Friday he’s leaning toward a half a percentage point interest rate hike in September following the better-than-expected inflation data released earlier in the morning.Bostic said the July personal... Atlanta Federal Reserve President Raphael Bostic said Friday he’s leaning toward a half a percentage point interest rate hike in September following the better-than-expected inflation data released earlier in the morning.

He said it was a sign that the economy was responding to Fed policy in ways that the central bank would like.

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