Fed’s Bostic Says It Might Be a While Before Next Rate Cut

Federal Reserve Bank of Atlanta President Raphael Bostic said he wants to wait “a while” before cutting interest rates again following last year’s reductions amid uncertainty over where the US economy is headed in 2025.

“I want to see what the 100 basis points of reduction that we did at the end of last year translates to in terms of the economy,” Bostic said Monday during an event organized by the Rotary Club of Atlanta. “Depending on what the data are, it might mean that we are waiting for a while.”