The US Federal Reserve (Fed) may need to raise interest rates by half a percentage point at its March 15-16 meeting if economic data so far shows high inflation persists, the Atlanta Fed president said. , Raphael Bostic.
“As we speak today, I’m still in favor of a 25 basis point increase at the March meeting, but things are changing on a weekly basis one set of data that I’m looking at in particular is the month-to-month change in inflation”, Bostic said during a virtual event organized by Harvard University.
“If that continues to persist at high levels or even moves in the other direction then I’m really going to have to support a 50 bps rally for March we’ll just have to see how that plays out”.
Source: Gestion
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