Express
Fed's Bostic Expects Only One Rate Cut Later This Year
Summary: Raphael Bostic, Federal Reserve Bank of Atlanta President, said the Fed is still likely to cut interest rates this year even if the timing and extent of easing policy are uncertain and inflation is slow to fall further. However, Bostic still predicts that the Fed may only cut interest rates once, by 25 basis points, later this year. ...
Raphael Bostic, Federal Reserve Bank of Atlanta President, said the Fed is still likely to cut interest rates this year even if the timing and extent of easing policy are uncertain and inflation is slow to fall further.
However, Bostic still predicts that the Fed may only cut interest rates once, by 25 basis points, later this year. His focus now is not on how much the policy rate may fall in 2024, but on determining the right time to cut interest rates.
