Atlanta Federal Reserve President Raphael Bostic said Tuesday he envisions the central bank approving one more interest rate increase before pausing to see how policy tightening is impacting the economy. “One more move should be enough for us to then take a step back and see how our policy is flowing through the economy, to understand the extent to which inflation is returning back to our target,” Bostic said during a live interview on CNBC’s “Squawk on the Street.” That 0.25 percentage point increase likely will come at the rate-setting Federal Open Market Committee’s May 2-3 meeting. If a majority of the committee has the same view as Bostic, who is a nonvoting member this year, that would take the federal funds rate to a target range of 5%-5.25%, the highest since August 2007.
Source: CNBC – Bonds
