Reported 2 months ago
Federal Reserve Bank of Atlanta President Raphael Bostic expressed the need for more data before supporting interest rate cuts, indicating a cautious approach to avoid reversing course prematurely. He anticipates being ready to implement rate reductions by year-end but is concerned about rising unemployment, which he attributes to an increase in worker supply rather than a lack of demand. Recent inflation trends are encouraging, and the Fed's upcoming symposium may shed further light on future monetary policy.
Source: YAHOO