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Fed's Bostic sees one U.S. interest rate increase for 2019

Reuters  |  ATLANTA 

(Reuters) - The may only need to raise interest rates once in 2019, Fed said on Monday, focusing on business executives' nervousness about the and a global growth slowdown as factors that may hold the U.S. back.

"I am at one move for 2019," said Bostic, who is not a voter on Fed policy this year. Though U.S. economic growth surprised to the upside in 2018, and prompted the Fed to raise rates four times, said his business contacts appear less confident about the coming months, while "clouds" have developed overseas.

(Reporting by Howard Schneider; Editing by Paul Simao)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 00:03 IST