Fed’s Bostic: ‘everything in play’ for July rate hike options
2022.07.13 21:21
FILE PHOTO: U.S. Atlanta Federal Reserve Bank President Raphael Bostic speaks to reporters at the National Association of Business Economics’ annual policy meeting in Washington, U.S. March 21, 2022. REUTERS/Ann Saphir/File Photo
ST PETERSBURG, Fla. (Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic Wednesday said higher than expected June inflation might require policymakers to consider a 100 basis point increase at their July meeting.
“Everything is in play,” Bostic told reporters during a tour of Tampa and St. Petersburg, following release of the latest report, which showed consumer prices surged 9.1% last month. While he said he needed to better study the “nuts and bolts,” he felt “today’s numbers suggest the trajectory is not moving in a positive way….How much I need to adapt is really the next question.”
