Central Banks
Fed’s Bostic Wants More Data to Confirm Need to Cut Next Month
- Atlanta Fed chief says his timeline for cuts has accelerated
- Bostic remains cautious on when to begin lowering rates
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Federal Reserve Bank of Atlanta President Raphael Bostic said it “may be time” to cut but he’s still looking for additional data to support lowering interest rates next month.
Bostic reiterated that his timeline for anticipated cuts had moved up after inflation fell more quickly than he expected and the unemployment rate increased more rapidly. Yet he remained cautious.