{"id":64125,"date":"2022-04-20T00:29:21","date_gmt":"2022-04-19T20:29:21","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=64125"},"modified":"2022-04-20T00:54:45","modified_gmt":"2022-04-19T20:54:45","slug":"feds-bostic-larger-75-bps-hike-is-not-on-the-radar","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-bostic-larger-75-bps-hike-is-not-on-the-radar\/04\/20\/market-updates\/","title":{"rendered":"Fed&#8217;s Bostic: Larger 75 bps hike \u201cnot on the radar\u201d"},"content":{"rendered":"\n<p>Atlanta Fed President and FOMC member Raphael Bostic on Tuesday reiterated the important of getting rates to neutral territory &#8220;expeditiously&#8221;, though cautioned that a 75 bps rate hike is &#8220;not on the radar&#8221;.<br><br>Bostic said he estimates the neutral rate to be around 2.5% and feels the US economy is strong enough to stand on its own.<br><br>Some improvements on inflation will come from non-monetary developments, he noted. However, Bostic cautioned that cuts to global growth forecasts (a reference to Tuesday&#8217;s IMF World Economic Outlook release) are a sign that the Fed needs to be cautious and is a reason not to rush beyond neutral regarding rate hikes. <br><br><strong>Additional Takeaways:<br><\/strong>Bostic estimates GDP growth of around 3% for the US economy this year and said &#8220;there is momentum&#8221; to avoid recession. <br><br>There are some signs that inflation has &#8220;capped off&#8221; though fertilizer and other input costs may continue adding pressure. <br><br>As long as markets continue to function well, the Fed should continue to reduce its balance sheet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Atlanta Fed President and FOMC member Raphael Bostic on Tuesday reiterated the important of getting rates to neutral territory &#8220;expeditiously&#8221;, though cautioned that a 75 bps rate hike is &#8220;not on the radar&#8221;.Bostic said he estimates the neutral rate to be around 2.5% and feels the US economy is strong enough to stand on its &hellip;<\/p>\n","protected":false},"author":13,"featured_media":63108,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6943,6885,6868,7748,7852,7580,6858],"class_list":["post-64125","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bostic","tag-fed","tag-fomc","tag-global-growth","tag-inflation-pressures","tag-monetary-policy","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=64125"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64125\/revisions"}],"predecessor-version":[{"id":64132,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64125\/revisions\/64132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/63108"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=64125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=64125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=64125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}