Fed likely to raise rates in May and hold steady, says experts.

Atlanta Fed President Raphael Bostic said that one more quarter-percentage-point interest rate hike can allow the Federal Reserve to end its tightening cycle with some confidence inflation will steadily return to the U.S. central bank's 2% target. Recent inflation data, including this week's reports of slowing consumer price increases and falling producer price inflation, "are consistent with us moving one more time," Bostic told Reuters in an interview on Thursday.