Mr. Bostic, president of the Atlanta Fed, signalled that while he supported the latest two rate cuts, he had not yet decided whether to endorse another cut next month. "I can live with the first two cuts, but we'll have to wait and see for the next one," Mr. Bostic said at an event in Seattle on Friday. "I want to use the data to judge what kind of policy is most appropriate....
The Atlanta Fed has announced that its chairperson, Cheryl Venable, will serve as interim chairperson when his term ends on February 28.
Coinbase has issued a call to strengthen the U.S.-UK Future Markets Partnership, saying the two countries should focus on: 1. Tokenizing traditional financial assets: The collaboration should focus on achieving tokenization so that UK and US stocks can be issued and distributed in both jurisdictions. 2. Achieving stablecoin leadership: The United States and the United Kingdom should commit to establishing a Transatlantic Stablecoin Corridor that would allow...
On September 13, according to documents seen by Reuters, Federal Reserve Governor Lisa Cook declared the Atlanta, Georgia property to lenders as a "vacation home" when she purchased it. This could help refute the Trump administration's allegations of mortgage fraud against her. The document, dated May 28, 2021, was issued by Cook's credit union a few weeks before the purchase was completed, showing that she had informed lenders that the Atlanta property was not her primary residence. Two indepen...
On Wednesday, a number of senior officials, including Governor Waller and Atlanta Federal Reserve President Bostic, released interest rate cut signals, emphasizing that the weak labor market is the core driver of interest rate cuts. Click to view...
Trump's tariff storm has brought the US economy to a sudden halt! Atlanta Federal Reserve President warns: Any bold action by the Federal Reserve is too dangerous. Click to view...
The 2027 FOMC voting committee and Atlanta Fed President Robert Bostic will speak on monetary policy in ten minutes.
On March 29th, according to the US Geological Survey Earthquake Information Network, a magnitude 6.6 earthquake occurred in the central waters of the Mid-Atlantic Ridge at 1:17 am Beijing time on the 29th. The epicenter was located at 0.72 degrees north latitude, 29.76 degrees west longitude, and the focal depth was 6.4 kilometers.
According to Business Insider, Musk's xAI is building a $700 million data center in Atlanta, equipped with 12,448 Nvidia GPUs to support artificial intelligence training. The data center is jointly operated by xAI and X, where X contributes 90% of the hardware. The funding is allocated at $442 million for X, $258 million for xAI, and $10 million in tax breaks. The Atlanta government expects the project to have an economic impact of more than $241 million.
The Atlanta Fed's GDPNow model projects U.S. Quarter 1 GDP growth of 2.3% in 2025, up from a previous estimate of 2.9%.