Express

Fed's Bostic Expects Only One Rate Cut Later This Year

Mary Liu

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.

Last Update:

Tags:
Link: Fed's Bostic Expects Only One Rate Cut Later This Year   [Copy]
  • Onchain Fatigue: The Harsh Reality Driving Users Away from Web3 2 days ago
  • Are Airdrops Overfarmed? State of the Market 3 days ago
  • Autonomous Worlds: The Ultimate Goal of Blockchain? 4 days ago
  • Have Cosmos and Polkadot Been Replaced? The Future of ATOM and DOT 7 days ago
  • Polygon AggLayer: Uniting Modular and Monolithic Blockchain Architectures 8 days ago
  • You need to login to comment.