Bostic signals Fed skip on rate cuts in November can't be ruled out By

-- Atlanta Federal Reserve President said Thursday he was open to downshifting to a quarter point rate cut or Foreign exchange dealers with the lowest spreadsmay even support an unchanged decision should the recent bout of stronger inflation and labor market persist.

“I am totally comfortable with skipping a meeting if the data suggests that’s appropriate,” said Atlanta Fed President Raphael Bostic in an interview Thursday,. The remarks arrived on the heels of data showing that the September consumer price index, a measure of inflation, surprised to the upside. 

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