Fed's Bostic sees one rate hike this year and one more in 2020 - report

Atlanta Fed president, Raphael Bostic, speaks to the WSJ

• Thinks that there is room to run with a very slow pace of rate hikes
• So long as the economy is "running fine"
• Aim is to get Fed benchmark rate to so-called neutral level
• Slow approach to get to neutral is a good path for the Fed
• Expects economic growth in the region of 2.2% to 2.5% this year
• Doesn't expect inflation to exceed the 2% target

The full interview can be found here. Of note, Bostic previously had a forecast of the Fed raising rates twice this year so this is a bit of a scale back. Nonetheless, that's still one more than the market is currently pricing in as so far the Fed has been very laid back about its 'wait-and-see' approach.

That suggests that any rate hike isn't imminent and we'll have more indications of that depending on how the economy performs in the first half of this year.