Federal Reserve Bank of Atlanta President Raphael Bostic on Wednesday indicated that with inflation falling further and the unemployment rate rising more than he had expected, it might be "time to move" on rate reductions.

Atlanta Fed Chief Bostic suggests rate cuts are imminent but advocates caution

At a glance, the Federal Reserve has set a high bar for any change in interest rates this year: A "material reassessment" of the economic outlook would be required as set forth by the US central bank chief Jerome Powell.

For US Fed, 'material reassessment' may be in eye of beholder

Asian shares pulled ahead on Wednesday while rising Treasury yields lifted the dollar as investors waited anxiously to hear if the world's most powerful central banker would confirm or confound expectations for US easing this month.

Asia shares rise as US dollar moves up

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Atlanta Fed Chief Bostic suggests rate cuts are imminent but advocates caution

For US Fed, 'material reassessment' may be in eye of beholder

Asia shares rise as US dollar moves up