Fed's Bostic expects one rate cut in 2024, as many as four in 2025
Raphael Bostic, the President and Chief Executive Officer of Federal Reserve Bank of Atlanta, stated that a potential cut in the federal funds rate could occur in the fourth quarter of this year, emphasizing a data-driven approach to future policy decisions.
He also underscored the commitment to reducing inflation to the 2 percent target, which is seen as essential for widespread prosperity and effective decision-making among families and businesses. The effects of policy measures in response to the pandemic have supported the labor market and the broader economy, even amid aggressive monetary policy tightening.
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