Fed’s Bostic Says There Is Sufficient Time to Wait for Policy Adjustments
According to ChainCatcher, citing Jinshi News, Federal Reserve's Bostic stated that as the labor market remains strong, there is sufficient time to wait before making policy adjustments.
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On Wednesday, approximately four-fifths of the constituents in the Russell 2000 Index recorded declines. Since its peak in August, the index has dropped by 11%, falling below its 200-day moving average and entering a technical correction for the first time since March this year. Analysis indicates that with the US CPI rising more than expected and the probability of rate hikes increasing, small-cap, consumer, and transportation stocks are facing "sustained and long-term resistance."
