Despite market expectations for up to two cuts this year, Bostic said that unless there's a significant shift in economic performance, the Fed should stay put.
Indicators this week from the key Philadelphia and New York Federal Reserve districts showed a sharp rebound that far exceeded Wall Street expectations.
Fears that minimum wage increases for workers would crush small businesses and lead to job losses are overblown, according to the Q1 2020 CNBC|SurveyMonkey Small Business Survey.
The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment.
The CNBC/SurveyMonkey Small Business Confidence index climbed two points in the first quarter, from 59 to 61, as concerns over trade policy impacts lessened thanks to a trade deal with China and the signing of the USMCA.
The White House issued a vigorous defense of the Trump administration's economic agenda on Thursday, claiming credit for changing the trajectory of the nation's record expansion – while taking aim at the Obama administration's record.
U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength amid lower mortgage rates.
U.S. producer prices increased by the most in more than a year in January, boosted by rises in the costs of services such as healthcare and hotel accommodation.
The central banker, in an essay released Tuesday morning, backed the wait-and-see approach that his fellow voters on the Federal Open Market Committee have adopted
Sales at clothing stores declined by the most since 2009 in January, which could raise concerns about the economy's ability to continue expanding at a moderate pace.
U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing slowed production of civilian aircraft.
Almost a third of working Americans currently have some kind of outstanding medical debt, with about 28% owing $10,000 or more on their bills, according to a new survey from Salary Finance.
U.S. underlying consumer prices picked up in January as households paid more for rents and clothing, supporting the Federal Reserve's contention that inflation would gradually rise toward its 2% target.
First-time claims for state unemployment benefits were expected to total 210,000 for the most recent week, up from the 202,000 claims reported for the previous week.