Fed's Bostic: Expects six rates hikes this year, another two in 2023

Atlanta Fed President and FOMC member Raphael Bostic said on Monday that he expects six rate hikes in 2022 followed by a further two in 2023, reported Reuters. Elevated uncertainty has tempered confidence that an extremely aggressive rate path is appropriate, he noted, adding that with the conflict in Ukraine, we need to be extra-observant and prepared to adapt our thinking on policy and the economy.