News Snapshot:
“It is clear that Wall Street is betting that the Fed is done,” Oanda’s Edward Moya said in a note. Federal Reserve Bank of Atlanta president Raphael Bostic is the latest policymaker this week to signal a shift. “I think that our policy rate is at a sufficiently restrictive position to get inflation down to 2 per cent,” Bostic said during a conversation held at the annual convention for the American Bankers Association. “I actually don’t think we need to increase rates anymore.” Bloomberg reported that new stimulus under consideration in China would raise this year’s budget deficit and ensure...
