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Bostic: Fed's focus is its mandates not market pricing for rate cuts

Reuters Thursday, 11 July 2019 ()
Strong market expectations of an upcoming Fed rate increase are not a reason for the central bank to make a policy move given a U.S. economy that continues to perform well, Atlanta Federal Reserve President Raphael Bostic said on Thursday.
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News video: Here's What to Know on Fed's Powell's Two Days With Congress

Here's What to Know on Fed's Powell's Two Days With Congress 01:43

Jerome Powell, chairman of the Federal Reserve can breath a sigh of relief now that he's finished answered pressing questions from Congress. But the market can breath, too, because it looks like it will get its rate cut. Here's what Powell said over the two days, and what the market implied actions...

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