Bostic: Fed's Peak Rate May Need to Go Higher

Steve Matthews discusses insights from Bostick, who is not a voting member but shares views on economic conditions. Bostick notes the labor market's unexpected strength and suggests potential rate hikes if trends continue. He emphasizes the importance of data in decision-making and considers a range of rate hike options, including a possible return to a 50 basis point increase.

What was the Fed's forecast for growth for the full year, and how does it compare to the current labor market situation?

What did Bostick mention about the potential for the Fed to return to a 50 basis point interest rate increase?