Reported 5 months ago
Atlanta Federal Reserve President Raphael Bostic indicated that progress in taming inflation is slow, suggesting that a Federal Reserve rate cut is unlikely in the near future. Bostic's commentary aligns with the view that interest rates may need to remain higher for a longer period, potentially delaying any rate cuts. The Federal Reserve is considering conducting a new framework review of its inflation target in 2025, with the current target at 2%.
Source: YAHOO