Fed's Bostic backs another super-sized interest rate hike at July meeting

Atlanta Federal Reserve President Raphael Bostic said Friday he supports another large 0.75 percentage point interest rate hike at the FOMC meeting later this month given the momentum in the labor market.

“I’m fully supportive of moving 75 basis points,” Bostic said, during an interview on CNBC.

“The tremendous momentum in the economy suggests…

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