Reported about 2 months ago
Atlanta Fed president Raphael Bostic has accelerated his timeline for potential interest rate cuts, stating that reductions could occur as early as September or November. He suggested that an initial cut of 25 basis points could be appropriate due to unexpectedly swift decreases in inflation and a weakening labor market. Other Fed officials, including Philadelphia Fed president Patrick Harker, echoed this sentiment, expressing a preference for a cautious approach to cuts based on economic conditions.
Source: YAHOO