Federal Reserve Bank of Atlanta President Raphael Bostic now projects one interest-rate cut this year, likely happening later than expected. Bostic had previously suggested two rate cuts in 2024, with the first in the summer.
He expressed less confidence in inflation trajectory, citing rising consumer prices. Fed officials maintained their outlook for three rate cuts this year.
Source: Loan Digest (loandigest.net)
Federal Reserve Atlanta Fed Interest-Rate Cut Inflation Rate Cuts
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