Raphael Bostic

Federal Reserve officials may need to wait until summer before gaining enough clarity to adjust interest rates, as policy changes under the Trump administration create significant economic uncertainty, Atlanta Federal Reserve Bank President Raphael Bostic said Thursday. What Happened: “There...

Market participants are almost fully pricing in a rate cut at the Federal Reserve’s Nov. 7 meeting as policymakers enter their customary pre-meeting blackout period, where officials abstain from public commentary leading up to the policy decision. Investors have further bolstered their rate-...

The U.S. economy is flexing unexpected muscles, with recent data hinting at a potential shift from the much-anticipated "soft landing" to something far more glittering. Only two months ago concerns about a looming downturn dominated the narrative, but as a series of upside data surprises rolled in...

Wall Street is priming for a positive start on Friday after the major averages ended narrowly mixed in the previous session. Positive reaction to Netflix, Inc.’s (NASDAQ:NFLX) earnings could provide a lift to the tech space, given earnings news flow from the sector will likely start in...

Raphael Bostic, the President of the Atlanta Federal Reserve, has projected only one more interest rate cut this year. What Happened: Bostic revealed his projection at an event in Atlanta, stating that he anticipates a single additional interest rate reduction of 25 basis points for the remainder...

Hurricane Milton is nearing the west coast of Florida and bringing a second powerful storm to the state within two weeks. Here's the latest update on the storm, expected to make landfall in the U.S. on Wednesday night. What Happened: Hurricane Milton reached Category 5 status Monday with winds of...

Wall Street is gearing up for a firmer start on Tuesday after stocks pulled back sharply in the previous session. The index futures firmed up amid a pullback in the 10-year Treasury note yield and dovish comments issued by a Federal Reserve official. Speaking at a European Central Bank event in...

U.S. stock futures are headed lower on Monday after the jobs data-induced strength seen in the final session of last week. The mood has been rendered cautious as traders await a few key first-tier economic data and the minutes of the Federal Reserve’s September rate-setting meeting. The...

Stocks are gearing up for another nervy start on Tuesday after they scrapped through in the previous session to finish a seasonally weak September on a high. Some strategists point to the unusual September gains as a testament to the market’s resilience. The unequivocal belief is the gains...

U.S. index futures are modestly higher at the start of a new week as the rate cut euphoria fades and traders look ahead to the next key catalysts. The tech space could get a lift from a potential lifeline for struggling Intel Corp. (NASDAQ:INTC) and traders may also look ahead to Micron Corp....

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, breached Federal Open Market Committee rules and Reserve Bank policies, according to a report by the central bank's Office of Inspector General. What Happened: The investigation, initiated by Fed Chair Jerome Powell, found that...

After dilly-dallying in recent sessions amid anticipation ahead of Nvidia Corp.’s (NASDAQ:NVDA) earnings, market mood is settling in. The index futures were higher in early trading. Nvidia shares have clawed part of their losses seen early in the premarket session and could recover when sell-...

Raphael Bostic, President of the Federal Reserve Bank of Atlanta expressed his views on a potential rate cut on Wednesday. However, Bostic expressed caution on the move. What Happened: Bostic acknowledged that the inflation rate has decreased more than expected, while the unemployment rate has...

Sentiment on Wall Street could be guarded until Nvidia Corp’s (NASDAQ:NVDA) earnings are in the rearview mirror. The index futures are barely holding up early Wednesday. Given the absence of any major catalyst, stocks could tread water and could move about listlessly. That said, the retail...

The gravity-defying climb faces risk, as the index futures trade narrowly mixed in early trading on Tuesday. That said, the recent gains could keep traders wary of a potential pullback. A couple of speeches by Federal Reserve officials are the lone Main Street catalysts for the day even as the...