The Latest Breaking News from Raphael Bostic

The US Federal Reserve's decision to cut interest rates by half a percentage-point was "an appropriate and necessary first step," given progress on reducing inflation, a senior bank official said Monday.

Atlanta Fed President Raphael Bostic violated ethics policies in securities trades, prompting an investigation with corrective actions taken.

September S&P 500 E-Mini futures (ESU24) are up +0.16%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.23% this morning as market participants awaited an earnings report from semiconductor stalwart Nvidia as well as the release of the Fed’s preferred inflation gauge later in the week.

With the Federal Reserve considered certain to start cutting its benchmark interest rate next month, Chair Jerome Powell’s highly anticipated speech Friday morning at an economic conference will be closely watched for any hints about how many additional rate cuts might be in the pipeline

Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation

September S&P 500 E-Mini futures (ESU24) are down -0.02%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.13% this morning, taking a breather after yesterday’s sharp gains, while investors looked ahead to U.S. consumer confidence data and comments from a Federal Reserve official.

September S&P 500 E-Mini futures (ESU24) are up +0.15%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.28% this morning as growing optimism that the U.S. will avoid a recession buoyed sentiment, while investors looked ahead to U.S. consumer confidence data and comments from a Federal Reserve official.

Atlanta Fed President Raphael Bostic said waiting to cut rates is risky.

September S&P 500 E-Mini futures (ESU24) are up +0.01%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.15% this morning as investors awaited a flurry of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from retail giant Walmart.