Dow futures fall 55 pts; big bank results, retail sales in focus

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Atlanta Fed's Bostic says after one more hike the central bank can end tightening cycle - Reuters

April 14, 2023 7:56 AM EDT

Atlanta Fed President Raphael Bostic told Reuters that one 25bps interest rate hike could allow the Federal Reserve to halt its tightening cycle.

Bostic believes they will be able to do so with some confidence that inflation will steadily return to the 2% target. He told the publication in an interview that recent inflation data is "consistent with us moving one more time," as they... More