Bostic: Economic storm clouds are not actually generating the storm yet

Author: Greg Michalowski | Category: Central Banks

Speaking to reporters

He adds:
  • his district businesses do not say that trade tensions are affecting their business that much
  • 1H growth was stronger than expected, with full year expected to be as much as 2.5%
  • Fed's job is to meet its congregational mandate, not respond to particular markets
The Nasdaq and S&P have both moved back into negative territory. The NASDAQ is down -0.21%, while the S&P indexes down -0.3%. The Dow is still up 0.54%
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