Reported 1 day ago
Atlanta Federal Reserve President Raphael Bostic expressed an open stance on potential interest rate cuts in December, emphasizing the importance of upcoming job data. He maintains his view that inflation is on track to decline to the Fed’s 2% target, although he acknowledged challenges in the job market and economic uncertainties. Bostic noted the need for careful monetary policy adjustments while observing how further rate cuts could impact both inflation and employment.
Source: YAHOO