The Fed: Fed’s Bostic thinks recession can be avoided even with further interest-rate hikes

The Federal Reserve can keep raising its benchmark rate this year at the fastest pace in nearly 30 years without causing a recession, Atlanta Fed President Raphael Bostic said Monday. In a roundtable with reporters, Bostic noted the labor market added 372,000 jobs in June.. Bostic said he supports raising it another 150 basis points this year, including another…