Central Banks
Two Fed Voters Indicate Openness to Three Rate Cuts This Year
- San Francisco’s Daly says three cuts are ‘reasonable baseline’
- Bostic says data could prompt earlier cut than he now expects
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Two Federal Reserve officials who vote on policy in 2024 indicated an openness to three interest-rate cuts this year should inflation progress continue.
San Francisco Fed President Mary Daly said Friday that’s a “reasonable baseline” expectation, and Atlanta’s Raphael Bostic said he could “for sure” see three cuts — rather than his current preference for two — should inflation data come in better.