Fed’s Bostic Reiterates Call for One Rate Cut Later This Year

Federal Reserve Bank of Atlanta President Raphael Bostic stuck to his expectation for one interest-rate cut this year, while maintaining flexibility to adjust as needed.

“My outlook for 2024 is one cut toward the end of the year, and I expect that the economy’s going to continue to grow,” Bostic said in a moderated discussion at Tulane University in New Orleans. “I think inflation is going to continue to fall, but much slower than I think many would like.”