Fed’s Bostic Says Election Uncertainty Could Drag on Investment

Federal Reserve Bank of Atlanta President Raphael Bostic said the unknowns surrounding the US presidential election could be causing some businesses and consumers to hold off on investment and spending decisions.

• “You might see a lull in some of the activity for some businesses, in particular when you think about investments,” he says Friday during an event with high school students in Jackson, Mississippi
• “You’re also seeing the same thing with families as well. As inflation has been high, families are feeling a little squeezed,” he says
• “Many of them may have ideas about where to go, what to do ...