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Atlanta Fed President Bostic Expects One Interest Rate Cut This Year, Labor Market Trends Cause Concern
Summary: According to Jinshi News, Atlanta Fed President Bostic stated that he still believes there is a possibility of one interest rate cut this year, consistent with his prediction in June. He pointed out that the labor market trends 'may cause concern' and warrant close attention. Bostic emphasized the significant uncertainty in forecasting in the current ...
According to Jinshi News, Atlanta Fed President Bostic stated that he still believes there is a possibility of one interest rate cut this year, consistent with his prediction in June. He pointed out that the labor market trends 'may cause concern' and warrant close attention. Bostic emphasized the significant uncertainty in forecasting in the current environment and indicated a preference for the Fed to maintain a singular direction after initiating action, rather than acting and then retracting.
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Link: Atlanta Fed President Bostic Expects One Interest Rate Cut This Year, Labor Market Trends Cause Concern [Copy]
