Central Banks
Fed’s Bostic Says US Employment and Growth to Stay Robust
- Atlanta Fed boss confident inflation is dropping back to 2%
- He again says he has projected one more half-point cut in 2024
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Federal Reserve Bank of Atlanta President Raphael Bostic said he expects the US economy to slow this year but to remain robust, adding that the downward path for inflation could see some bumps.
Bostic said he projects GDP growth to be about 2% in 2025 as households spend down their savings. Growth is on track for about 2.6% this year.