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6/23, 6:51 PM (Source: TeleTrader)
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Fed is close to standard to start bond tapering - Bostic

Atlanta Federal Reserve President Raphael Bostic stated on Wednesday that the Fed is close to meeting the "substantial further progress" standard to start bond tapering.

Bostic also noted that he believes that any raise in the interest rates should come after the bond taper is complete, but that he didn't have any views on whether to taper mortgage before treasury bonds. On the topic of interest rates, he foresaw a rate hike in late 2022 and two more quarter-point rate increases in 2023.

Bostic commented on the labor market saying that an additional three to four months of job gains should put the market in a strong position and that greater clarity on the topic will come with the fall.

Breaking the News / OL