We were fortunate to host Raphael Bostic, President of the Federal Reserve Bank of Atlanta, on July 13th. This was a special event for members to have the opportunity to ask questions and gain insight into current economic issues - as well as to anticipate the future. Wall Street Journal (link to article
), Marketwatch (link to article
), among others, published articles to update readers on Bostic's prediction that rates will increase at leasts one more time in 2018. Specifically, Bostic favors one more rate increase, while the majority on the Board indicate that there may be two more increases. As was made very clear to our members, that is subject to change as market conditions may change as well. There is no particular formula Bostic follows in making these decisions, rather, more of a "sense of momentum" of the economy.