Reported 1 day ago
Raphael Bostic, President of the Federal Reserve Bank of Atlanta, is undecided on the need for an interest-rate cut this December but advocates for continued rate reductions in the future. He notes that inflation appears to be stabilizing towards the Fed’s 2% target and that the labor market remains stable, despite some cooling. Bostic emphasizes the need for cautious monitoring of economic conditions ahead of the upcoming meetings where rate decisions will be made.
Source: YAHOO