Fed’s Bostic hopes for data clarity by December meeting

Investing.com -- Federal Reserve Bank of Atlanta President Raphael Bostic expressed hope Friday that the central bank would receive substantial new economic data before its December meeting, which could help clarify the uncertain outlook for inflation and unemployment.

"We’ll hopefully have a lot of data that come in," Bostic said, noting that federal agencies had just begun releasing their plans to catch up on delayed data reports after reopening.

The Atlanta Fed president acknowledged the difficulties facing monetary policymakers in the current economic environment, describing it as "an incredibly challenging environment to be doing policy."

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