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Fed's Bostic says a 'little more data' needed to support cutting rates
Bostic, speaking at an event in Atlanta, noted that the balance of risks between inflation and the job market are closer to level, but he wants to be sure the Fed avoids cutting rates too soon, only to have to raise rates later if inflation reaccelerates. "I am willing to wait, but it's coming ... It is coming," Bostic said. Financial markets broadly expect the Fed to cut interest rates at its Sept. 17-18 meeting, which would mark its first such move in this policy cycle.
Crypto Wallet Holding $2B Mt. Gox Bitcoin Sends Test Transaction as Distribution Continues: Arkham
Some users in the Mt. Gox creditors channel on Reddit reported receiving funds on their BitGo accounts.
Bitcoin surges to $60,000 as political uncertainty grips crypto markets
The world's top crypto is expected to stay volatile ahead of November's election.
The first Global 500 lists reflect huge changes in the world economic order
When Fortune began publishing our global corporate rankings in 1990, Japan was America’s biggest rival.